Westpac’s New Zealand cash earnings rose 24% in the first half, reflecting improved margins and growth in lending and deposits in a "subdued" local economy.

Another mobile payment trial is under way. 

House prices may rise 5% in 2012 before growth stalls next year because of rising interest rates and a boost in construction, says Westpac chief economist Dominick Stephens.

Replacement named.

Baker Paul Yarrow has been thwarted in his attempt to remove directors from his Australian companies following last minute action by receivers.