Latest from Westpac Banking Corporation

Reserve Bank takes action against Westpac

Westpac required to commission two independent reports over risk governance concerns.

'Chilling effect': New policies risk impacting on wider economy

New housing policies will slow the housing market but could they also slow the economy?

New Treasury role for Westpac chief economist

Dominick Stephens will work with Treasury on a 10-month secondment from Westpac.

Housing boom 'past its peak': Why major bank now predicts prices will fall

'The current boom has, in one sense, already passed its peak' - Dominick Stephens.

Liam Dann: RBNZ pushes back on celebrating recovery too soon

The RBNZ is waging a battle with bullish markets over recovery expectations.

NZ bank profits fell 28 per cent in 2020, to $4 billion

Impaired asset expenses rose sharply across the banks.

Liam Dann: What snap lockdown means for interest rates

This lockdown hasn't shifted economic forecasts but that doesn't mean it has no influence.

Banks closing up shop in isolated district

Combined Kiwibank/Post Shop could be the only in-person banking left in Wairoa by winter.

Westpac profit slumps $393m on Covid-19 impact

This follows on from a massive drop for ANZ.

Westpac NZ bank Auckland staffer tests positive for Covid-19

The employee's colleagues have been told to monitor their health.

Another major bank to ditch cheques

Westpac says cheques now make up less than 1 per cent of payments.

ANZ chair Sir John Key, bankers fear Reserve Bank stimulation creating asset bubbles

The bosses of the big four banks talk about the big challenges ahead.

Foreign currency exchange dives but major banks stick with it

ANZ will follow Kiwibank in quitting buying and selling foreign currency.

Liam Dann: House price boom raises stakes for Reserve Bank

The Covid housing boom shows Reserve Bank policy working but could see return of LVRs.

Bank tightens contactless payment fraud tracking

Bank contacted customer before they even knew they had lost card.

Bank profits fall 13 per cent, provisioning rises to $2.5 billion as worst yet to come

KPMG's quarterly report shows bank profits have dropped again.