Latest from ASB Bank Limited

How one Kiwi company went from LA award-winner to receivership

The once award-winning business owes $7.3 million.

GDP data to show economy on its way into recession

We get a first look at the Covid-19's economic effect with 1st quarter GDP data this week

Banks stopped selling controversial insurance product

Only Kiwibank still sells the insurance product.

Mortgage wars should spark boost to lending

Mortgage lending was slashed to about half of normal levels last month due to Covid-19.

Jenny Ruth: RBNZ's awkward about-face on bank capital rules

The new bank capital rules have been deferred until July 1 next year.

Like Y2K again: Banks get ready for negative interest rates

Banks have to check everything from their legal documents to technology systems.

New record low: ASB hits back in mortgage war with 2.69% rate

Major bank cuts mortgage rate to new low.

ASB to phase out use of cheques

Kiwibank stopped accepting cheques in February, and Inland Revenue and ACC in March.

Working from home goes on for thousands of corporate workers

It'll be a slow return to the office for many of those working for corporates.

ASB banking glitch sees cards declined at supermarkets

'I went to get my groceries and my card was declined, I can't even check my balance.'

Food, fuel and wages: What Covid economy will do to cost of living

Today's inflation data will show wage and price rises, but economists say it can't last.

Paywave limit raised amid coronavirus concerns

Limit finally raised .. mostly.

New numbers show Kiwis rushing to banks for mortgage help

The number of New Zealanders seeking help from their bank to pay the mortgage has surged.

Banks get credit rating downgrade on tough economy

Tougher economic conditions has seen Fitch lower Australian bank ratings by one notch

Coronavirus: 10,000 plus Kiwis seek home-loan relief

Thousands of people have asked about taking a home-loan holiday.

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

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

Coronavirus: Bank waives contactless debit fee for small businesses

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

NZ bank credit losses will rise from low levels

Banks are well-placed to weather the coronavirus fallout, S&P says.