Banking and finance

Kiwibank to receive $500m boost as government targets greater competition in banking sector

Kiwibank to receive $500m boost as government targets greater competition in banking sector

The initiative aims to challenge the dominance of the country's Australian-owned banks

Kiwibank faces $1.5m fine for systemic consumer law breaches

Kiwibank faces $1.5m fine for systemic consumer law breaches

Charges involved misleading representations about services that the bank failed to deliver as agreed

Anti-money laundering/countering financing of terrorism system to be reformed

Anti-money laundering/countering financing of terrorism system to be reformed

Government plans to introduce single-supervisor structure and new funding model

High Court imposes $2.47m penalty on TSB Bank for overcharges

High Court imposes $2.47m penalty on TSB Bank for overcharges

Judge finds breaches of Credit Contracts and Consumer Finance Act's responsible lending provisions

MinterEllisonRuddWatts helps amicaa, The Carlyle Group with $140m financing effort

MinterEllisonRuddWatts helps amicaa, The Carlyle Group with $140m financing effort

The funds will be applied to the management buyout of NPD

High Court awards damages in international asset recovery case

High Court awards damages in international asset recovery case

The case involved fraudulent misappropriations by a Hong Kong broker