Banking
RBNZ Deputy Governor Geoff Bascand says deposit rates could drop to zero and some savers might want to put their money to work elsewhere
28th May 20, 12:02pm
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RBNZ Deputy Governor Geoff Bascand says deposit rates could drop to zero and some savers might want to put their money to work elsewhere
HSBC could quit small, non-strategic countries including New Zealand, the Financial Times suggests. HSBC NZ says business constantly reviewed but Asia will continue to be a core engine for business growth
28th May 20, 9:51am
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HSBC could quit small, non-strategic countries including New Zealand, the Financial Times suggests. HSBC NZ says business constantly reviewed but Asia will continue to be a core engine for business growth
RBNZ Governor Adrian Orr says bank regulatory capital increases on ice during COVID-19 crisis remain very much in the regulator's plans
28th May 20, 5:00am
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RBNZ Governor Adrian Orr says bank regulatory capital increases on ice during COVID-19 crisis remain very much in the regulator's plans
The Reserve Bank says in the lead-up to the level 4 lockdown some $800 mln of extra cash was pumped into circulation
27th May 20, 10:51am
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The Reserve Bank says in the lead-up to the level 4 lockdown some $800 mln of extra cash was pumped into circulation
Reserve Bank says banks' loan losses will 'rise materially from current low levels', however they should be able to cope in all but the most severe scenarios
27th May 20, 9:44am
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Reserve Bank says banks' loan losses will 'rise materially from current low levels', however they should be able to cope in all but the most severe scenarios
BNZ's auditor warns of the uncertainties of COVID-19's impact, while Westpac NZ flags highly impacted customers as those in industries exposed to social distancing, travel, and supply chain disruption
26th May 20, 9:23am
BNZ's auditor warns of the uncertainties of COVID-19's impact, while Westpac NZ flags highly impacted customers as those in industries exposed to social distancing, travel, and supply chain disruption
COVID-19 crisis is increasing attention on corporate social behavior, away from shareholder primacy to greater emphasis on the needs of employees, clients, society and the environment, Moody's says
24th May 20, 7:31am
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COVID-19 crisis is increasing attention on corporate social behavior, away from shareholder primacy to greater emphasis on the needs of employees, clients, society and the environment, Moody's says
BNZ economist Paul Conway says the overarching objective of rebuilding the economy in the wake of COVID-19 must be to improve productivity and ensure the benefits are widely spread
24th May 20, 6:02am
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BNZ economist Paul Conway says the overarching objective of rebuilding the economy in the wake of COVID-19 must be to improve productivity and ensure the benefits are widely spread
RBNZ Governor says banks will need to be 'forgiving' as more people are set to lose their jobs as mortgage repayment deferrals expire
19th May 20, 5:12pm
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RBNZ Governor says banks will need to be 'forgiving' as more people are set to lose their jobs as mortgage repayment deferrals expire
RBNZ says banks haven't been lending heaps partly because some businesses don't want more debt... yet; Meanwhile Grant Robertson eyes new ways to support medium-sized businesses as small businesses pile in for interest free loans from the IRD
14th May 20, 8:32am
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RBNZ says banks haven't been lending heaps partly because some businesses don't want more debt... yet; Meanwhile Grant Robertson eyes new ways to support medium-sized businesses as small businesses pile in for interest free loans from the IRD
ASB's CEO Vittoria Shortt says Covid-19 pandemic has caused a crisis of confidence with the tough decisions yet to come as parent CBA steps up loan loss provisions
14th May 20, 8:31am
ASB's CEO Vittoria Shortt says Covid-19 pandemic has caused a crisis of confidence with the tough decisions yet to come as parent CBA steps up loan loss provisions
Management consultancy McKinsey & Co says the COVID-19 pandemic has revealed unexpected flaws in banks' business models which they must urgently address
12th May 20, 8:06am
Management consultancy McKinsey & Co says the COVID-19 pandemic has revealed unexpected flaws in banks' business models which they must urgently address
Staff returning to work at the big banks under Alert Level 2 in a social distancing world will no longer be activity-based working or hot desking
11th May 20, 8:48am
Staff returning to work at the big banks under Alert Level 2 in a social distancing world will no longer be activity-based working or hot desking
S&P lowers outlook on Kiwibank's 'A' credit rating to stable from positive citing uncertainty about the bank's digital strategy caused by the COVID-19 pandemic
7th May 20, 8:36am
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S&P lowers outlook on Kiwibank's 'A' credit rating to stable from positive citing uncertainty about the bank's digital strategy caused by the COVID-19 pandemic
Despite the apparent shunning, by the masses, of cash, the amount of cash in circulation has never been higher - and there was plenty of it moving around before the start of the lockdown
6th May 20, 2:00pm
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Despite the apparent shunning, by the masses, of cash, the amount of cash in circulation has never been higher - and there was plenty of it moving around before the start of the lockdown
Westpac NZ takes 'conservative' position on loan provisioning in uncertain COVID-19 dominated world, chief financial officer Ian Hankins says
5th May 20, 7:45am
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Westpac NZ takes 'conservative' position on loan provisioning in uncertain COVID-19 dominated world, chief financial officer Ian Hankins says
Westpac NZ half-year net profit tumbles as loan impairments and expenses rise and income falls
4th May 20, 10:32am
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Westpac NZ half-year net profit tumbles as loan impairments and expenses rise and income falls
Government broadens Business Finance Guarantee Scheme substantially to include both agri and very small businesses; Also allows banks to write unsecured loans should they choose to do so
1st May 20, 4:05pm
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Government broadens Business Finance Guarantee Scheme substantially to include both agri and very small businesses; Also allows banks to write unsecured loans should they choose to do so
ANZ NZ Antonia Watson on creating an ANZAC bubble, the Government's Business Finance Guarantee Scheme, loan provisioning and potential UDC sale
1st May 20, 7:35am
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ANZ NZ Antonia Watson on creating an ANZAC bubble, the Government's Business Finance Guarantee Scheme, loan provisioning and potential UDC sale
ANZ NZ CEO Antonia Watson sees potential for quicker economic recovery than many other countries as bank posts fall in interim profit with loan impairments & expenses rising
30th Apr 20, 10:25am
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ANZ NZ CEO Antonia Watson sees potential for quicker economic recovery than many other countries as bank posts fall in interim profit with loan impairments & expenses rising
Frank Jasper of Fisher Funds says the COVID-19 pandemic has shown investors need to be prepared to put money into businesses to bolster their robustness
29th Apr 20, 4:41pm
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Frank Jasper of Fisher Funds says the COVID-19 pandemic has shown investors need to be prepared to put money into businesses to bolster their robustness
BNZ says it has provided home loan support to 21k home loan customers & 17k business customers due to COVID-19; Sees economy contracting by about 9% in 2020 as unemployment pushes 10% and house prices drop by about 10%.
28th Apr 20, 9:59am
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BNZ says it has provided home loan support to 21k home loan customers & 17k business customers due to COVID-19; Sees economy contracting by about 9% in 2020 as unemployment pushes 10% and house prices drop by about 10%.
BNZ's parent National Australia Bank gives early demonstration of credit loss expectations in a COVID-19 world as its profit tumbles, dividend's cut and A$3.5b equity raise is detailed
27th Apr 20, 5:00pm
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BNZ's parent National Australia Bank gives early demonstration of credit loss expectations in a COVID-19 world as its profit tumbles, dividend's cut and A$3.5b equity raise is detailed
COVID-19 set to rear its head for an early impact assessment as three of Australasia's big four banking groups report their interim financial results
24th Apr 20, 9:05am
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COVID-19 set to rear its head for an early impact assessment as three of Australasia's big four banking groups report their interim financial results
The Reserve Bank Governor has encouraged banks to be 'out there doing their business'. We check the pulse of the big five banks and see how they are responding
24th Apr 20, 8:00am
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The Reserve Bank Governor has encouraged banks to be 'out there doing their business'. We check the pulse of the big five banks and see how they are responding