Latest from Banking

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.

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.