Bank warns fight to stem inflation will spark global recession
One of the world’s biggest banks has heralded disaster for 2023.
AdvertisementAdvertise with NZME.
Latest from Banking and finance
Opinion: Brexit has made Britain a more European country
Opinion: Three things show the UK has become continental.
Why house prices could fall 22% instead of 18%
Why downward house price momentum could be yet to ease.
ANZ increases home loan rates - first major bank to hike after OCR rise
The move comes in the wake of last week's official cash rate hike.
The week that could unravel the global oil market
Financial Times: Amid price cap on Russian crude, many industry norms being undermined.
Xi Jinping faces stiffest challenge to rule as Covid outrage sparks mass protests
Financial Times: Warning of China reprisals if dissent flares up again.
$2b raid: How emergency Covid funds were redirected to bolster Budget '22
Former Treasury adviser says it was an “accounting trick”.
Financial abuse must become a crime, anti-violence campaigners say
Horror abuse cases: Banks encourage victims to come forward.
Auckland showgrounds: new operators, tenants sought
Auckland's showground centrepiece up for grabs.
Opinion: Sam Bankman-Fried and the power of dressing badly
Financial Times: Looking attractive matters less than telling your story.
Tunnel vision: Is this the solution for $15b second Waitematā harbour crossing?
A sleek vision for the future, but which harbour crossing concept will win?
Inside Saudi Arabia’s strategy to keep the world hooked on oil
New York Times: Saudi working to keep fossil fuels at centre of world economy.
Grindr: low free float disguises an unpopular Spac matchup
Financial Times: Investors have plenty of reasons to swipe left.
ANZ's bumper dividend
The restrictions have come off how much the NZ banks can pay to Australian parents.
What bar should companies have to pass to enable access to banking data?
Akahu founder says raising awareness will be key.
Elon Musk sees Twitter becoming a quasi-bank
New CEO has talked in the past about turning the platform into an 'everything app'.
Steven Joyce: Robertson risks undermining independence of Reserve Bank
OPINION: Finance Minister should be taking steps to reinforce RBNZ's focus & independence.
US authorities investigate crypto exchange FTX
The collapse of cryptocurrency exchange FTX sent shockwaves through the crypto world.
Two years too long for open banking to come in - banking critic
But the banks say they already have a lot on their plate.
BNZ boss defends record profit
The bank has announced a profit increase of 7 per cent to $1.4 billion.
BNZ profit rises 7% to $1.4 billion
Strong business and home lending has helped drive BNZ’s profit up.
50,000 Westpac home loan borrowers face big rate rise
Bank says it has a plan to support those borrowers.
Westpac NZ profit rises 12% to more than $1 billion
Amid market volatility and rising living costs, Westpac releases full year financials.
BestStart's $84m loans to rich-listers questioned
Regulator seeks assurance that related-party loans furthered charitable purpose.
Bank of England makes biggest interest rate hike in 30 years
High inflation is eroding living standards and likely to trigger a “prolonged” recession.
Editorial: Wages are rising but so is the cost of debt
Demand for workers is still strong but that's going to put more pressure on borrowers.
NZ has role to play in solving global food security issues
Speed at which stimulus money was deployed may have exposed data gaps.
Negative equity warning for home buyers: Rising interest rates test NZ’s financial resilience
Some borrowers who bought houses in 2021 are now in negative equity.
Banks would withstand extreme housing market crash
The Reserve Bank has been "stress testing" how banks would cope in a severe scenario.
The big corporate where only 70% of workers can come into the office
Hybrid working has become more of a permanent shift for some businesses.
ANZ CEO defends record profit and warns of 'dark clouds' ahead
The bank is keeping a close eye on rising interest rates and unemployment.
ANZ NZ profit up 20 per cent to $2.3 billion
Consumers' desire for normality and strong property market boosted the bank.
Higher rates for savers keep coming
But depositors will still be going backwards after inflation is taken into account.