ASB profit drops to $1.4b as class action settlement lifts costs
She said the Middle East conflict and subsequent oil price shock had caused significant disruption, changing the inflation…
ANZ joins Westpac and ASB in upping floating interest rates after OCR hike
“The impacts from the conflict in the Middle East are still uncertain and we could still see some…
Finalists in ASB Bay of Plenty Export Awards announced
The awards are organised by the Employers and Manufacturers Association (EMA) on behalf of ExportNZ. EMA’s head of…
ASB, TSB and Nelson Building Society admit breaches under Credit Contracts and Consumer Finance Act
It also admitted failing to conduct affordability and suitability assessments when establishing or varying overdrafts and failing to…
Bay of Plenty tops ASB economic rankings on export and job growth
“Growth is not at the levels we’ve seen historically, but the region continues to outperform many parts of…
High Court orders ASB Bank to pay record $6.7 million penalty for anti-money laundering breaches
Shortt said ASB had “uplifted” its systems and processes to improve its AML/CFT capabilities. “We have invested significantly…
ASB warns economic pain from Middle East conflict will spread beyond fuel pump
Earlier this month, shipping giant Maersk applied a 27% fuel surcharge while the Interislander almost doubled its fuel…
ASB hikes mortgage rates by up to 20 basis points
The largest increase is to ASB’s five-year mortgage rate, which jumps 20bps to 5.89%. Adam Boyd, ASB’s executive…
Winter downturn: Economic recovery now ‘unlikely’ until 2027 – ASB
That would result in weaker GDP with annual growth forecasts for 2026 reduced by around 1.6 percentage points,…
ASB class action payout: Why $571 credits are appearing in nearly 200,000 accounts
“Didn’t even know this was going on, thought someone accidentally put it in my account.” Several others wrote…
Migration surge puts fresh heat on New Zealand housing market
Taken together, the trend suggests population growth will provide more support to housing demand and rental markets through…
ASB fined $2.1 million for misleading more than 25,000 customers
“Customers are entitled to rely on their bank to apply discounts and fee exemptions accurately. ASB failed to…