Twelve lenders dramatically reduced their long-term fixed rates between two to five years over the last week with four lenders dropping their five-year rate by more than 70 basis points.  

The Securities Commission has accused the directors of failed financier Dominion Finance and its sister company North South Finance of misleading investors, and has laid criminal charges and civil proceedings against them.

The Securities Commission has accused the directors of failed financier Dominion Finance and its sister company North South Finance of misleading investors, and has laid criminal charges and civil proceedings against them.

The Insurance Savings and Investment Association says it is prepared to consider making "improvements" to its new anti-churning policy after hearing feedback from advisers.

The New Zealand Mortgage Brokers Association (NZMBA) has announced the addition of a new award to be presented at its Gala Dinner next month.

How households react to lower mortgage rates is key, with some suggesting this could lead to more Reserve Bank tightening according to ANZ.

New Code out; Get Good Returns on the go; More education providers accredited; Empty handed on mutual recognition.

Non-bank lenders scrabbled for deposits in the six- to 12-month range this week with seven institutions boosting their rates in this space.

Reserve Bank starts thinking about post-guarantee world; Irongate gets backing from Bluestone; Europe's sovereign debt scares investors away from fixed interest; Fitch affirms SBS Bank's credit rating on merger proposal.

With the economy's recovery being so weak and patchy and with major problems still in existence internationally, BNZ believes there's a risk that the Reserve Bank will not raise the cash rate as quickly as it has pencilled in.