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Scam victim Borja Ares disappointed after Banking Ombudsman rejects full BNZ payout for $330k loss

Two investment scam victims due to receive nearly $300,000 in compensation from BNZ have been knocked back in their bid for a full refund of their lost. ....

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BNZ told to reimburse victims nearly $300k after failing to detect Citibank investment scams despite 'red flags'

Two victims who lost $430,000 in a Citibank-branded investment scam claimed BNZ failed to detect warning signs of the fraud and should compensate them for. ....

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NZ banks announce sweeping changes to fight scourge of scams

The banking sector has announced a raft of new measures to fight fraud and counter the growing scourge of scams. NZ Banking Association chief executive Ro ....

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NZ Banking Association announces sweeping changes in fight against scams

The banking industry was under growing pressure, accused of failing to protect customers. ....

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Financial expert Janine Starks calls for Banking Ombudsman to jointly investigate scam cases, cites 'negligence' by banks

It’s absolute negligence on the banks’ behalf and it’s an embarrassment internationally.' ....

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