The Australian Royal Commission of Inquiry into misconduct in the banking system highlighted that there were things going on in banking that were “just not right”, NAB chief executive Ross McEwan says.

A new chief financial officer will join Public Trust from October 12.

Credit Suisse Australia and Jarden have agreed to exit their formal strategic alliance,

AMP New Zealand wealth chief executive Blair Vernon has been seconded into  a big role with its Australian parent company.

Pepper Money has released a series of improvements to its innovative online tool, the Pepper Product Selector (PPS), aimed at speeding up the adviser’s process of finding a solution for their
customer.

AMP Wealth Management has reported a 16% profit drop in the first half of its 2020 financial year, which it said was due to the proactive closure of two legacy schemes, the conclusion of cost-sharing arrangements with AMP Life and the impacts of Covid-19.

Home loan rates are already at record lows, but economists at ASB predict interest rates will plummet even further in the coming months.

Financial advisers are adjusting to a return to life at higher alert levels.

Reserve Bank governor Adrian Orr says the mortgage deferral programme will be extended beyond September, as the Covid-19 pandemic regains a grip on New Zealand.

Economists have welcomed the expansion of the Reserve Bank's quantitative easing programme, and say a negative official cash rate is more likely than ever following this week's Covid-19 outbreak.

The Reserve Bank of New Zealand has kept the official cash rate at 0.25%, but has boosted its quantitative easing programme to push down interest rates. Here's what the central bank said:

Partners Life has reported another year of positive growth and explains how Covid-19 has impacted the business.

Mortgage advisers are preparing to run their businesses under lockdown once again as Auckland goes into alert level three at midday.