
Mortgage wars: Big bank cuts interest rates for low-deposit home-loan borrowers
Low equity borrowers will now be able to access special rates.
Low equity borrowers will now be able to access special rates.
But risks remain from the pandemic lasting longer and delays in a vaccine.
A contracting economy and rising unemployment will affect banks' asset quality metrics.
More than 30 branches have closed since March 26.
A significant increase in impaired assets has dragged down bank profits.
'Branch teams are currently dealing with mammoth task' - ASB's Craig Sims.
The once award-winning business owes $7.3 million.
We get a first look at the Covid-19's economic effect with 1st quarter GDP data this week
The new bank capital rules have been deferred until July 1 next year.
Banks have to check everything from their legal documents to technology systems.
Major bank cuts mortgage rate to new low.
Kiwibank stopped accepting cheques in February, and Inland Revenue and ACC in March.
It'll be a slow return to the office for many of those working for corporates.
What do bank bosses want to see in the Budget to help business?
Similar comments made about Australia's four major banks, which own NZ's 'big four'.
The is the first time interest rates have dipped below 3 per cent.
New data on Wednesday will show unemployment on the rise. How bad it gets is not yet clear
Banks charge low rates on government-backed business finance lending.
Not everyone is gloomy about next season's milk price.
'I went to get my groceries and my card was declined, I can't even check my balance.'
Today's inflation data will show wage and price rises, but economists say it can't last.
The number of New Zealanders seeking help from their bank to pay the mortgage has surged.
Tougher economic conditions has seen Fitch lower Australian bank ratings by one notch
Thousands of people have asked about taking a home-loan holiday.
Banks are still working through details of the government's six month mortgage relief.
One bank has moved as pressure mounts over contactless payment as a health issue.
Banks are well-placed to weather the coronavirus fallout, S&P says.
If you are in trouble call us now says bank boss.