Local corruption watchdog is investigating how unethical New Zealand’s banking and financial services sector really is.
All banks are considering the Nicky Hager case findings following privacy commissioner decision.
ASB's profit rose despite a margin squeeze.
Banks have been doing it tough as interest rates fell and their profit margins were squeezed. But Heartland Bank, which doesn’t even try to compete with the industry big boys, has actually been swelling its profit margins. Now, it’s competing in a battle for deposits as credit growth outstrips growth in deposits. But Shoeshine reckons Heartland will continue marching to a different drum to the rest of the banking industry.