Banks’ preparations for tough times could dampen profits
KPMG sees banks continuing to make provisions for higher bad debts.
AdvertisementAdvertise with NZME.
Latest fromBNZ
Kiwi footwear brand receivership: BNZ owed more than $4m
'Accelerated sale' as supply chain nightmares cause pain.
Scam concerns intrude on big bank probe announcement
The nasty and costly scams have prompted a warning and some advice from ministers.
$77k credit card shock: Banking glitch hits thousands across NZ
Customer's first thought at seeing $76k bill: 'What has my wife done?'
Alleged 'mule' arrested over $100K scam involving real estate agent
'It’s not a Mickey Mouse scam, it’s sophisticated. They are taking millions.'
'They tricked me': Scam victim who lost $330k feels he’s failed his wife, kids
"I feel like something horrible is going to happen to my family.”
BNZ accused of relying on Wikipedia in bid to close Gloriavale accounts
BNZ wants to terminate its 40-year banking relationship with the West Coast community.
'No red flags': Heartbroken realty agent loses $100k in elaborate finance scam
'I just burst into tears. It’s my life savings'.
Banks less trusted than supermarkets - Consumer NZ survey
Public trust in banks falls as profits surge in the middle of a cost of living crisis.
Banks tentative about teaming up with Govt to invest in SMEs
Business Growth Fund a step closer to being set up, but banks are yet to commit.
Ohakune restaurants took $287k Covid cash, now broke
An award-winning "hamburgeria" turned Tapas restaurant and bakery are now in liquidation.
Four Wellington bars insolvent: IRD, dozens of employees and businesses among creditors
Liquidators found no updated financial statements or recently recorded transactions.
Hamilton fast food company insolvent: Staff, bank, finance firms claim over $350k
Sales from a second outlet were lower than expected.
ANZ donates $3 million to cyclone relief
The bank has joined ASB and BNZ in making donations; Westpac offering small business fund.
BNZ changes staff performance scheme - FMA wants to ensure customers are OK
The bank will need to show how the move is consistent with new regulations.
'It would've bought you a house': The single Kiwi banknote once worth $15,000
Specimen banknote once changed hands for almost $100,000.
Liam Dann: Bad news for borrowers as RBNZ gets tough on inflation
The RBNZ's big commitment to beating inflation looks like bad news for mortgage holders.
BNZ economist: Chances of recession 'rising by the day'
The chances of getting through this interest rate cycle with a "soft landing" are fading.
'Best of the best': Bank's amazing art collection to be sold for charity
The BNZ will sell its valuable art collection to raise money for a community charity.
OCR preview: Rates sure to rise - but by how much?
Odds are evenly split on the RBNZ delivering a double shot to interest rates this week.
Will the Reserve Bank deliver a single or double shot this week?
The Reserve Bank will lift the OCR on Wednesday - but by how much?
Economists pick the top five trends to watch in 2022
The outlook couldn't be more complex but here's where economists are looking for clues.
$8m debt claimed but no sign of the cash: 'Where did it go?'
Inside a property developer's banning order - the $8m loan with no apparent paperwork.
GDP Preview - How much damage did Delta do to the economy?
Third quarter GDP will show a big fall, reflecting the nationwide lock down
Banned: Property developer barred from running a company
Auckland property developer banned from being a director over $860,000 earthworks bill.
Inflation shock: Data to show prices rising at fastest in a decade
NZ's economy faces a "perfect storm" of global and local forces driving up prices.
Liam Dann: Lockdown call signals longer grind for economy
While changes mean more freedom for families they offer no fresh hope for business - yet.
Economic outlook dims as NZ moves away from 'zero-Covid' strategy - BNZ
Christmas retail rebound expectations trimmed as Covid spread ends elimination hope
GDP preview: Economy was red-hot. Is that meaningless now?
Strong second-quarter GDP data will provide some confidence for post-lockdown rebound.
Pay wave fees waived, at least for now
Banks say they are giving small businesses some certainty.
Is it all over for the economic boom?
ANZ economists see cause for optimism and forecast V-shaped recovery after sharp GDP hit.
RBNZ should consider double interest rate hike - ASB economist
Hiking more aggressively next week could head off inflation risk and cool housing.
Liam Dann: Inflation data 'cements need' for August rate hike
New data shows inflation has spiked but will it take hold in the public pysche?