Lender ANZ has reversed its prediction for the OCR rate, predicting the central bank is “more likely” to lower the rate than increase it.

Health insurer nib is on the lookout for acquisitions after posting an operating profit of $27.4 million for its New Zealand business last year.

Advisers and economists have predicted lower interest rates for longer, after Westpac slashed its five year fixed rate by 60 basis points.

Kiwibank is offering first home buyers 90% mortgages on KiwiBuild homes, with an extra $2000 for moving and legal expenses.

Economists at Westpac believe there is a “real” chance the Reserve Bank could cut the OCR rate, following last week’s dovish forecast.

The Reserve Bank surprised economists by signalling it may keep the OCR rate at 1.75 percent until 2020, pushing back its forecasts in a dovish statement this morning.

ANZ has scrapped sales-based bonuses for frontline retail staff, moving to a customer service focused bonus programme.

Australia’s Productivity Commission has recommended the country's banks put a stop to mortgage adviser trail commission.

Some of New Zealand’s leading mortgage advisers have raised concerns about ongoing the uncertainty surrounding the Financial Services Legislation Amendment Bill.

Some of New Zealand’s leading mortgage advisers have raised concerns about ongoing the uncertainty surrounding the Financial Services Legislation Amendment Bill.

A former BNZ banker and a lawyer have been handed jail terms for committing a $54 million mortgage fraud in Auckland and Hamilton.

Kiwi economists believe Reserve Bank governor Adrian Orr will sound a cautious note on the economy next week, with little chance of an OCR rate increase, and an outside chance of a cut.

Mike Pero Mortgages boss Mark Collins has warned lenders are conducting “forensic underwriting” on expenses when assessing loans, amid tightening credit conditions.

The stock market listing of non-bank lender General Finance moved a step closer this week as a deal with a listed cash shell was approved by shareholders.

A new report from the Banking Ombudsman suggests New Zealand's lenders are doing a better job selling mortgages to customers.

National finance spokesperson Amy Adams has voiced the party’s opposition to giving the Reserve Bank a dual policy mandate.