Bank of New Zealand's net new mortgage growth slowed to its lowest pace in more than two years in the June quarter although profit jumped 34.4%.

Kiwibank's mortgage book continued to grow faster than its market share in the June quarter but its momentum continues to slow.

AMP's new business in the four key insurance products fell precipitously in the June quarter as its lapses and surrenders soared.

Subdued inflation expectations among both businesses and households reinforce perceptions interest rates won't be going up any time soon.

New business in the four key life insurance products bounced back strongly in the June quarter after an extremely weak March quarter and was up 5.3% from the June quarter last year.

ANZ has reported the biggest ever quarterly increase in home loans.

AMP New Zealand showed modest first-half growth and it says underlying trends in the business are “positive in a challenging market.”

Not only is Blue Star Group selling the business and removing any last hope bondholders have of getting any money back, it now plans to keep them in the dark about business developments.

Dorchester Pacific's noteholders have approved it buying back the notes early at a discount, paving the way for the company to look at ways of growing again.

A group of Blue Chip investors have won the right to void contracts forcing them to buy apartments.

A group of Blue Chip investors have won the right to void contracts forcing them to buy apartments.

Mortgage holders are switching away from floating rates into fixed-term loans in droves as net mortgage lending rises sharply, the latest Reserve Bank figures show.

Mortgage holders are switching away from floating rates into fixed-term loans in droves as net mortgage lending rises sharply, the latest Reserve Bank figures show.

Reserve Bank governor Alan Bollard held interest rates steady, as expected, and provided no new guidance as to when interest rates might begin to rise.

Blue Star Group has decided to sell the business even though that is almost certain to mean its listed bonds are worthless.

GFNZ Group, formerly Geneva Finance, is planning a one-for-four rights issue to raise $1.5 million which has been fully underwritten by 20% shareholder Federal Pacific Group.