Business Hub: RBNZ bracing for the long haul
RBNZ chief economist on why he's looking through current the lockdown crisis.
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Mortgage deferral scheme to be extended
The Reserve Bank has reached an in-principle agreement with the banks.
Bank boss backs extension to mortgage deferral scheme
ASB boss would like to see an extension of the mortgage deferral scheme.
ASB boss says economy will be in for bumpy ride after change in alert levels
ASB has announced a 20 per cent drop in its cash profit for the year to June 30.
Banks close Auckland branches to prepare for 3-day lockdown
Banks have moved quickly to prepare for going back into lockdown.
Kate MacNamara: What $640m buys in the Reserve Bank's new budget
Funds are a win for Orr, but it's not clear that NZ will receive the value he claims.
Bank complaints: 21,000 in three months
First time complaint numbers have ever been revealed for the banks.
Bank fees threaten no-touch payments
Retailers took up contactless payment under lockdown but will they ditch it now?
Major bank under investigation over claims of spying on staff
Systems allowed managers to track how long staff were away from their desks.
Liam Dann: Why Key's grim financial crisis call is a timely warning
Sir John Key has warned we face a financial crisis. Is he right? And what would that mean?
Bank exposure to missed business loan payments creeps up
The average exposure to missed business debt payments is rising.
Kiwis use spare lockdown cash to pay off home loan mortgage debt faster
More than $400 million extra was paid off mortgages by customers of Westpac.
Banks' covid-related provisions likely much smaller in June quarter
According to a graph presented by Reserve Bank deputy governor Geoff Bascand.
4200 Kiwibank customers hit by privacy breach
The bank has contacted the Privacy Commissioner over the violation.
NZ corporates turn to KiwiSaver as bank funding slows
Corporates are turning to the bigger KiwiSaver asset managers as a source funding.
ANZ takes $22m stake in Pacific Edge
Pacific Edge will issue 33.8 million shares to ANZ at 65 cents per share.
Commonwealth Bank launches initiative to combat financial abuse
Thousands have been revealed to be taking part in a 'horrifying' new form of online abuse.
Investors unhappy banks blocked $3m in transfers to US firm
Protesters say a bank is blocking their bid to invest in a US-based company.
What led police to release photos of suspected Wilson Parking card skimmer
Skimming fraud hits hospital ticket machines, investigation underway.
Mortgage wars: Big bank cuts interest rates for low-deposit home-loan borrowers
Low equity borrowers will now be able to access special rates.
Skimming scam: Banks alert Wilson Parking over hospital fraud
Police investigation launched, company audits 500 machines.
NZ banks expected to weather Covid-19 storm but risks remain
But risks remain from the pandemic lasting longer and delays in a vaccine.
ANZ to pay $19,000 following deathbed visit by banker
The bank also issued an apology to the family following a near two-year fight.
Peter Lyons: Money, banking and the post-Covid economy
Comment: The dark art of private banks magically creating money is little understood.
Letters: Greens' tax policy - an equal society is in everybody's interest
Letters on Greens' tax policy, Layla Saad, online transactions and John Roughan.
NZ banks' credit losses to rise to 12x 2019 level - S&P
A contracting economy and rising unemployment will affect banks' asset quality metrics.
Cashless future comes a big step closer
New York Times: Quest for cleanliness is encouraging shoppers to abandon notes and coins.
Reserve Bank mulls mortgage holiday extension
Australia has extended its mortgage deferral scheme by another four months.
Bank fees: When to break your home loan rate
There are some tempting deals on offer but should you go for them?
The end of face-to-face banking? Covid lockdown hastens branch closures
More than 30 branches have closed since March 26.
Bank profits dropped 20pc in March quarter, full impact still to be revealed
A significant increase in impaired assets has dragged down bank profits.
ASB to close 9 branches and reduce hours on 25 others
It will also hire people into 150 new roles.
ASB customers demand branches reopen, bank defends
'Branch teams are currently dealing with mammoth task' - ASB's Craig Sims.
Continuous Disclosure: Goldman Sachs' golden run, Delegat's good drop
When a good drop is good news.