
Covid-19 will cause sharper down-turn than GFC, Westpac boss says
Westpac boss David McLean believes New Zealand could come out of recession quickly.
Westpac boss David McLean believes New Zealand could come out of recession quickly.
Claims of deceit and conspiring against the company behind failed Swipe HQ.
New data on Wednesday will show unemployment on the rise. How bad it gets is not yet clear
NZs banks have 'blown the chance' to show customers they care during the crisis.
Big bank announces how much it made in the six months to March 31.
An increase in mortgagee sales is a possibility.
Higher expenses and a squeeze on its margins hit ANZ NZ's cash profit.
New data shows more than 100,000 households are seeking mortgage relief from their bank.
Directors to donate 20 per cent of their fees for the next six months to charities
Not everyone is gloomy about next season's milk price.
Today's inflation data will show wage and price rises, but economists say it can't last.
Reserve Bank says banks are strong but will always struggle if unemployment surges.
Unapproved models ranging from wholesale credit to credit cards found in report.
Money laundering compliance issues, customer refunds and asset write-downs take their toll
The Warehouse has been paid $52 million through the wage subsidy scheme.
The number of New Zealanders seeking help from their bank to pay the mortgage has surged.
New Zealand's top business leaders on coping with the pandemic.
The FMA is clamping down on behaviour that preys on the Covid-19 crisis.
The situation is grim, and will be for a while, but NZ has some big things going for it.
There will also be a flow-on from the bank dividend block to smaller NZ banks.
The Reserve Bank recognises the financier's failure is "distressing".
Financier holding $53 million in term deposits.
This one key move might help many businesses stay afloat.
NZ banks have been told they can't pay dividends by the regulator.
How much each bank will be allocated is still to be worked out by Treasury.
"Our obligations to ensure we are lending responsibly don't change', the bank said.
S&P Global says banks should be able to handle the impact of the Covid-19 downturn.
Business confidence dropped to the lowest since the start of ANZ's bank survey.