New Zealand mortgage holders may find they will be paying more for their loan as bank funding costs rise thanks to Brexit.
A fourth major bank has announced lending criteria changes for overseas income and non-resident borrowers.
Another major bank has followed Westpac and ANZ in tightening its lending criteria to overseas borrowers and also made a rate cut to its three-year special.
Two major banks have announced an increase in their lending restrictions to foreign buyers.
New Zealand’s dollar surged to the highest level in a year as the prospect of continued central bank inaction at home and in the U.S. burnished the smaller nation’s interest-rate premium.
The rise in digital banking is causing a power shift from banks to customers, a major bank says.
Commission for Financial Capability said tactics ranged from emails, letters and phone calls to face-to-face meetings
Almost half of New Zealand businesses do not have cyber insurance in place, report states
NZ dollar dips below 69 US cents as risk appetite, commodity prices fall