Latest from Banking and finance

Liam Dann: 8 reasons NZ is in good shape to get through this

The situation is grim, and will be for a while, but NZ has some big things going for it.

Oz banking parents wave bye bye to billions

There will also be a flow-on from the bank dividend block to smaller NZ banks.

Reserve Bank told of FE Investments' imminent failure

The Reserve Bank recognises the financier's failure is "distressing".

NZ finance company in receivership, $53m in deposits on the line

Financier holding $53 million in term deposits.

How business is trying to survive the pandemic

This one key move might help many businesses stay afloat.

NZ banks blocked from paying dividends to shareholders

NZ banks have been told they can't pay dividends by the regulator.

Nine banks to start lending govt-backed $6.25b for business immediately

How much each bank will be allocated is still to be worked out by Treasury.

BNZ takes a more cautious approach to judging company solvency

"Our obligations to ensure we are lending responsibly don't change', the bank said.

Bank call centres overloaded, customers complain of two-hour wait

Banks are still working through details of the government's six month mortgage relief.

Govt announces $6.2b loan guarantees for SMEs

Businesses with turnover of between $250,000 and $80 million will be eligible.

Thousands of troubled businesses calling bank for help

Thousands of businesses have called banks for financial support.

NZ major banks eye emergency relief for SME, mortgage borrowers

Banks are looking at allowing SME and mortgage customers to suspend payments.

U.S. markets wrap up worst week since 2008

Investors try to fathom where the coronavirus will eventually leave the U.S. economy.

The next big move the Reserve Bank could make

BNZ expects the Reserve Bank to move soon on bond purchases to take stress off credit.

Coronavirus: Bank waives contactless debit fee for small businesses

One bank has moved as pressure mounts over contactless payment as a health issue.

The 2020 recession is 'here and now' - S&P Global

NZ faces at least three quarters of negative growth, global recession now inevitable.