Latest from Banking

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.

Economy back up to 80% under alert level 3, bank boss predicts

Banks charge low rates on government-backed business finance lending.

Banks to charge as little as 0.8% on govt-backed business loans

But rates vary.

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.

NZ banks should be able to absorb credit losses - S&P

S&P Global says banks should be able to handle the impact of the Covid-19 downturn.

Reserve Bank's latest emergency move ... and what comes next

New Zealand's Reserve Bank has made another unorthodox policy move.