Latest from Westpac Banking Corporation

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.

Negative cash rate could dent confidence, Westpac boss warns

The Reserve Bank of New Zealand has continued to signal its intention to go negative.

Less grim: Economists forecast lower lockdown damage this time

A 'less downbeat' economic outlook from Westpac factors in resilience in June and July.

The dilemma banks face over mask wearing

Should customers wear a mask when they enter a bank branch?

NZ banks' credit losses to rise to 12x 2019 level - S&P

A contracting economy and rising unemployment will affect banks' asset quality metrics.

The end of face-to-face banking? Covid lockdown hastens branch closures

More than 30 branches have closed since March 26.

Bank profits dropped 20pc in March quarter, full impact still to be revealed

A significant increase in impaired assets has dragged down bank profits.

Banks stopped selling controversial insurance product

Only Kiwibank still sells the insurance product.

The other cloud hanging over NZ's economic recovery

The recovery will take way longer if Kiwis aren't willing to spend.

Westpac loan targets rise in work from home

Bank offers up to $10k interest-free as more opt to work from home.

Mortgage wars should spark boost to lending

Mortgage lending was slashed to about half of normal levels last month due to Covid-19.

Jenny Ruth: RBNZ's awkward about-face on bank capital rules

The new bank capital rules have been deferred until July 1 next year.