Phone scammers posing as Spark staff jailed for $833k fraud on retirees
The scammers had a warped sense of humour, playing a “prank which was likely to cause extreme embarrassment”…
Reserve Bank’s Depositor Compensation Scheme sees finance companies surge in popularity
So, if someone had $200,000 of savings at a bank that collapsed, they would get $100,000 back via…
Anthropic Just Launched AI Agent Tools to Shake up Finance Grunt Work
Anthropic is rolling out AI agents for finance that promise to do the grunt work of Wall Street…
2 Things Are Driving US Economic Growth and the Iran War Threatens Both
The US economy is increasingly reliant on just two things to drive continued growth and the Iran war…
ANZ loses $125m CCCFA class action, considers appealing High Court decision
The lawyer representing the customers in the class action, Scott Russell, said: “The next step in the proceeding…
BNZ’s books take $352m hit as bank accounts for fact AI is seeing software age increasingly quickly
This made a $253m dent in its statutory net profit in the half year. At $494m, it was…
ANZ NZ’s profit flat at $1.3b in half year; bank ups provisions for bad debts
Furthermore, ANZ put more money aside for credit impairments, as it was wary of the impact conflict in…
Powell to bow out as Fed chief but stay as a governor on legal pressure
Since returning to power last year, President Donald Trump has frequently slammed Powell for not cutting interest rates…
Lawyer accused of misconduct for unauthorised bank transfers from family trust
He faces an allegation of misconduct, brought by the Standards Committee, on behalf of the New Zealand Law…
Whangārei stores report Covid-level slump because of T2 lane parking fines
Teresa McInerney from Villa Hairdressing said the biggest frustration was the T2 lane on Bank St wasn’t used…
NZ Super Fund’s ethical investing policy ruled inadequate by court
In a ruling released today, Justice Simon Mount said NZSF policies around responsible investing, particularly when making divestment…
Economist Cameron Bagrie weighs in on OCR debate over hike early or not to hike?
“[Neutral] is where the Reserve Bank’s neither got the foot on the accelerator or the brake. “If you…