Reserve Bank orders ANZ review; BNZ slashes rates

Monday, June 24th 2019, 9:39AM

Breaking news: The Reserve Bank has ordered two independent reviews into ANZ New Zealand, one on compliance with capital rules, and another looking into governance and internal controls. Find out more here: [READ ON].

More action from the big banks today as BNZ cuts its one, two and three-year rates for owner-occupiers and investors. Its two year rate is the joint second-best on offer in the market. Take a look here: [READ ON]

Kiwibank's two year rates have crept up. Its two year special fixed rate is now 3.89%, while its standard rate is 4.64%. [READ ON].

Tags: ANZ BNZ

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