Latest from Banking and finance

Pandemic-era winners suffer $2.5 trillion fall in market value

Financial Times: Top 50 biggest stock gainers hit by painful decrease after lockdowns.

Govt fails to calm carbon market jitters, flagging forestry review

It is unsure of the impact land use rule changes will have on how many trees are planted.

ANZ, BNZ bosses in no hurry to follow Reserve Bank’s advice on insurability of property

The Reserve Bank believes more risk-based pricing could improve financial stability.

ANZ increases cash profit as net interest margins get squeezed

The bank is New Zealand's largest.

Boeing subject to new FAA probe over 787 Dreamliner inspections

Financial Times: Plane maker informed aviation safety regulator tests were not performed.

Health systems and employers count economic cost of long Covid

Financial Times: Long Covid is exerting a silent drag on work and health.

Next few months will be ‘critical’ for economy says Westpac NZ CEO

Westpac NZ CEO cites tense geopolitical environment adding to uncertainty.

Westpac NZ’s half year profit bounces after Cyclone Gabrielle

Bank heading into the second half of the year with good momentum, says CEO.

Opinion: Elon Musk shows us that moral binaries are of little use

Financial Times: Working out wrong from right is not as easy as many people think.

Build Partners in voluntary administration, was partway through building 91 Kāinga Ora units

Grant Thornton is now in charge of the construction business, which built 700 state homes.

Building consents fall - but have we hit the floor yet?

Building downturn the worst in 15 years, bank says, but there's still some optimism.

Federal Reserve signals that rates will remain higher for longer

Financial Times: ‘Lack of further progress’ on inflation has complicated plans.

Elon Musk fires Tesla’s entire supercharger team

Financial Times: Electric-car maker’s public policy unit also being disbanded.

Bad mortgage debt expected to rise by 40 per cent by year's end

The Reserve Bank says banks are well positioned to help struggling borrowers.

Food and drinks giants flag price pressure on low-income consumers

Financial Times: The 'K-shaped economy' kicks off as consumer habits diverge.

Lamborghini-driving fraud-accused charged over $8.6m scheme

SFO prosecution of Gerard Peters and others comes three years after Herald reports.

Banks select provider for confirmation-of-payee, a key anti-scam measure; Consumer says efforts ‘too slow, too light’

But the Government and banks have differing takes on one of the next steps.

Autumn chill as business confidence falls sharply

ANZ's April Business Outlook survey show firms are feeling more downbeat.