Latest from Banking

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.

Tens of thousands of Kiwis apply for mortgage holidays

Major banks reveal how many New Zealanders have applied for mortgage holidays.

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".

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.

'People won't lose their homes': Mortgage scheme to ease coronavirus hit

A major financial support package for homeowners and businesses has been announced.

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.

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.

Pressure grows on banks to cut paywave costs

Banks are facing mounting pressure to drop charges on contactless payments.

NZ bank credit losses will rise from low levels

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

Liam Dann: Banks have assured us of their value for years. Now's their chance to show us

Banks have long argued their strength is vital to society. Now's their time to prove it.

Coronavirus: Fears banks could tighten home loan lending

Buyers employed in tourism may soon face a battle securing home loans due to coronavirus.