Latest from Banking

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.

Mortgage wars: Home owners could save up to $70 a week

Savings to be had as banks slash rates.

ASB to phase out use of cheques

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

What bank bosses want to see in Budget 2020

What do bank bosses want to see in the Budget to help business?

$377m worth of loans to small business applied for in one day

Thousands of businesses have applied for a loan from Inland Revenue.

FMA to company bosses: Be brave and we'll be forgiving

Directors must front foot liquidity concerns, says Financial Markets Authority chief.

Two more major banks ditch cheques

Number of customers using cheques has been steadily declining over the past five years.

Locked out: Westpac system crashes

Some customers have been locked out of their accounts for hours.

Westpac expects $211m hit linked to Covid-19

Big bank announces how much it made in the six months to March 31.

Small biz loans welcomed as banks accused of being too tough

Banks' criteria criticised for being too tough for some small businesses to get loans.

ANZ boss says confidence key to economic recovery

An increase in mortgagee sales is a possibility.

Govt blasts banks, will provide $100k loans to virus-hit businesses

Finance Minister Grant Robertson chides banks for failing to help businesses.

ANZ NZ profit down 15pc to $789m

Higher expenses and a squeeze on its margins hit ANZ NZ's cash profit.

Property lifeline: More than 100,000 Kiwis taking mortgage relief

New data shows more than 100,000 households are seeking mortgage relief from their bank.

BNZ boss: Businesses in better shape than post GFC

BNZ's latest half year result took a Covid-19 hit but the CEO remains confident.

BNZ reports cash earnings of $562 million in six months

Directors to donate 20 per cent of their fees for the next six months to charities

Some banks increasing branch opening hours under alert level 3

Some banks are increasing branch hours while others are making no change under level 3.