Banking and financeWestpac profit slumps $393m on Covid-19 impactThis follows on from a massive drop for ANZ.02 Nov 04:30 AM
New ZealandWestpac NZ bank Auckland staffer tests positive for Covid-19The employee's colleagues have been told to monitor their health.23 Oct 02:45 AM
Small BusinessAnother major bank to ditch chequesWestpac says cheques now make up less than 1 per cent of payments.22 Oct 08:40 PM
PremiumPremiumBanking and financeANZ chair Sir John Key, bankers fear Reserve Bank stimulation creating asset bubblesThe bosses of the big four banks talk about the big challenges ahead.20 Oct 04:00 PM
Banking and financeForeign currency exchange dives but major banks stick with itANZ will follow Kiwibank in quitting buying and selling foreign currency.19 Oct 06:49 PM
PremiumPremiumBanking and financeLiam Dann: House price boom raises stakes for Reserve BankThe Covid housing boom shows Reserve Bank policy working but could see return of LVRs.17 Oct 01:00 AM
PremiumPremiumBanking and financeBank tightens contactless payment fraud trackingBank contacted customer before they even knew they had lost card.08 Oct 04:00 PM
PremiumPremiumBanking and financeBank profits fall 13 per cent, provisioning rises to $2.5 billion as worst yet to comeKPMG's quarterly report shows bank profits have dropped again.22 Sep 05:00 PM
PremiumPremiumBanking and financeNegative cash rate could dent confidence, Westpac boss warnsThe Reserve Bank of New Zealand has continued to signal its intention to go negative.11 Sep 05:00 PM
PremiumPremiumBanking and financeLess grim: Economists forecast lower lockdown damage this timeA 'less downbeat' economic outlook from Westpac factors in resilience in June and July.20 Aug 05:47 AM
PremiumPremiumBanking and financeThe dilemma banks face over mask wearingShould customers wear a mask when they enter a bank branch?16 Aug 01:00 AM
Banking and financeBanks close Auckland branches to prepare for 3-day lockdownBanks have moved quickly to prepare for going back into lockdown.11 Aug 07:04 PM
PremiumPremiumOpinionKate MacNamaraKate MacNamara: What $640m buys in the Reserve Bank's new budgetFunds are a win for Orr, but it's not clear that NZ will receive the value he claims.11 Aug 05:00 PM
Banking and financeBank complaints: 21,000 in three monthsFirst time complaint numbers have ever been revealed for the banks.11 Aug 05:00 PM
PremiumPremiumBanking and financeKiwis use spare lockdown cash to pay off home loan mortgage debt fasterMore than $400 million extra was paid off mortgages by customers of Westpac.05 Aug 05:47 AM
PremiumPremiumBanking and financeLiam Dann: Unemployment's OMG moment - what really happened to jobsGood, bad or meaningless? We knew unemployment data would be weird but it still surprised.05 Aug 05:40 AM
PremiumPremiumBanking and financeInvestors unhappy banks blocked $3m in transfers to US firmProtesters say a bank is blocking their bid to invest in a US-based company.17 Jul 05:00 PM
PremiumPremiumBanking and financeWhat led police to release photos of suspected Wilson Parking card skimmerSkimming fraud hits hospital ticket machines, investigation underway.17 Jul 05:40 AM
New Zealand$600,000 man: Auckland Council announces new CEOJim Stabback arrives as Auckland Council deals with the fallout from Covid-19.17 Jul 12:00 AM
PremiumPremiumBanking and financeNZ banks expected to weather Covid-19 storm but risks remainBut risks remain from the pandemic lasting longer and delays in a vaccine.15 Jul 05:00 PM
BDBDBanking and financeNZ banks' credit losses to rise to 12x 2019 level - S&PA contracting economy and rising unemployment will affect banks' asset quality metrics.10 Jul 12:42 AM
PremiumPremiumBanking and financeThe end of face-to-face banking? Covid lockdown hastens branch closuresMore than 30 branches have closed since March 26.03 Jul 05:00 PM
Banking and financeBank profits dropped 20pc in March quarter, full impact still to be revealedA significant increase in impaired assets has dragged down bank profits.02 Jul 06:00 PM
PremiumPremiumBanking and financeBanks stopped selling controversial insurance productOnly Kiwibank still sells the insurance product.11 Jun 05:00 PM
PremiumPremiumBanking and financeThe other cloud hanging over NZ's economic recoveryThe recovery will take way longer if Kiwis aren't willing to spend.03 Jun 05:37 AM
Banking and financeWestpac loan targets rise in work from homeBank offers up to $10k interest-free as more opt to work from home.03 Jun 01:31 AM
BDBDBanking and financeMortgage wars should spark boost to lendingMortgage lending was slashed to about half of normal levels last month due to Covid-19.27 May 10:34 PM
PremiumPremiumOpinionJenny Ruth: RBNZ's awkward about-face on bank capital rulesThe new bank capital rules have been deferred until July 1 next year.26 May 10:46 PM
PremiumPremiumBanking and financeLike Y2K again: Banks get ready for negative interest ratesBanks have to check everything from their legal documents to technology systems.25 May 05:37 AM
PremiumPremiumBanking and financeWhat bank bosses want to see in Budget 2020What do bank bosses want to see in the Budget to help business?13 May 07:22 PM
PremiumPremiumBanking and financeS&P expects NZ banks' Covid-19 losses to peak at $4.7bSimilar comments made about Australia's four major banks, which own NZ's 'big four'.12 May 10:48 PM
Banking and financeLocked out: Westpac system crashesSome customers have been locked out of their accounts for hours.11 May 06:31 AM
PremiumPremiumBanking and financeRevealed: Just $23m of $6.25b Govt-backed loans made by banksTake-up of the Business Finance Guarantee Scheme has been slow.08 May 05:58 AM
PremiumPremiumBanking and financeCovid-19 will cause sharper down-turn than GFC, Westpac boss saysWestpac boss David McLean believes New Zealand could come out of recession quickly.05 May 05:00 PM