Banking
New report from ratings agency S&P Global Ratings says most Asia-Pacific financial institutions will 'show a multi-fold rise in credit losses and sharp drop in earnings' in the next two to three years due to Covid-19
16th Jul 20, 1:37pm
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New report from ratings agency S&P Global Ratings says most Asia-Pacific financial institutions will 'show a multi-fold rise in credit losses and sharp drop in earnings' in the next two to three years due to Covid-19
The country's banks report that both demand and availability for credit over the next six months are set to be sharply down, with things looking particularly tough in the commercial property sector
15th Jul 20, 1:06pm
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The country's banks report that both demand and availability for credit over the next six months are set to be sharply down, with things looking particularly tough in the commercial property sector
Xavier Vives expects the pandemic to accelerate the sector's digitalisation and restructuring while possibly improving its image
11th Jul 20, 9:59am
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Xavier Vives expects the pandemic to accelerate the sector's digitalisation and restructuring while possibly improving its image
Bank of China New Zealand Chairman Chris Tremain says despite capital constraints, the bank is well placed to compete in the residential mortgage market
9th Jul 20, 5:00am
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Bank of China New Zealand Chairman Chris Tremain says despite capital constraints, the bank is well placed to compete in the residential mortgage market
ASB says it's recruiting about 150 staff to provide specialist guidance and advice to customers as the bank adapts to an increasingly digitised world
1st Jul 20, 11:50am
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ASB says it's recruiting about 150 staff to provide specialist guidance and advice to customers as the bank adapts to an increasingly digitised world
New Reserve Bank figures show that despite plunging interest rates Kiwis put the most money away in term deposits last month for a year
30th Jun 20, 3:28pm
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New Reserve Bank figures show that despite plunging interest rates Kiwis put the most money away in term deposits last month for a year
Credit unions and building societies are battling away, serving regional New Zealand during these tough times. Could the Provincial Growth Fund, or the RBNZ, help them shore their positions up and even grow?
27th Jun 20, 9:31am
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Credit unions and building societies are battling away, serving regional New Zealand during these tough times. Could the Provincial Growth Fund, or the RBNZ, help them shore their positions up and even grow?
The Bank for International Settlements reports that contactless payments have surged globally since the onset of Covid-19, but precautionary holdings of cash have risen as well
25th Jun 20, 9:37am
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The Bank for International Settlements reports that contactless payments have surged globally since the onset of Covid-19, but precautionary holdings of cash have risen as well
Start date for four regional banking hub pilots pushed back until 'social activity is as close to normal as possible'
19th Jun 20, 1:26pm
Start date for four regional banking hub pilots pushed back until 'social activity is as close to normal as possible'
Analysts from Morgan Stanley take a look at the big four Australasian banks' commercial real estate exposure against the backdrop of economic downturn
16th Jun 20, 3:28pm
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Analysts from Morgan Stanley take a look at the big four Australasian banks' commercial real estate exposure against the backdrop of economic downturn
CEO Steve Jurkovich says Covid-19 has caused a pause and reassessment of Kiwibank's digital strategy, but led to it 'doubling down' on plans to use the cloud
15th Jun 20, 9:55am
CEO Steve Jurkovich says Covid-19 has caused a pause and reassessment of Kiwibank's digital strategy, but led to it 'doubling down' on plans to use the cloud
Bank of China New Zealand grows residential mortgage lending 14.4% in March year
8th Jun 20, 9:54am
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Bank of China New Zealand grows residential mortgage lending 14.4% in March year
Bank for International Settlements paper points out the financial stability implications of mortgage deferrals will be driven by the extent to which borrowers are willing & able to repay once 'holidays' end
6th Jun 20, 10:02am
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Bank for International Settlements paper points out the financial stability implications of mortgage deferrals will be driven by the extent to which borrowers are willing & able to repay once 'holidays' end
QE, the wage subsidy and nervous investors see banks sit with more cash to lend, than borrowers to lend to
4th Jun 20, 3:53pm
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QE, the wage subsidy and nervous investors see banks sit with more cash to lend, than borrowers to lend to
Raf Manji says we need to talk more about how our money system works because the outcomes of the decisions on its production, distribution, exchange and ownership are matters of interest to everyone
4th Jun 20, 9:43am
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Raf Manji says we need to talk more about how our money system works because the outcomes of the decisions on its production, distribution, exchange and ownership are matters of interest to everyone
New Zealand home loan borrowers are now getting fixed rates at bigger discounts to Aussies even as rates fall everywhere. They are falling faster here than across the ditch
3rd Jun 20, 5:06am
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New Zealand home loan borrowers are now getting fixed rates at bigger discounts to Aussies even as rates fall everywhere. They are falling faster here than across the ditch
ANZ announces sale of asset financier UDC to Japan's Shinsei Bank, which says UDC will continue to grow and contribute to the development of the NZ economy
2nd Jun 20, 12:09pm
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ANZ announces sale of asset financier UDC to Japan's Shinsei Bank, which says UDC will continue to grow and contribute to the development of the NZ economy
Reserve Bank data shows just how significant the initial impact of the COVID-19 crisis has been on New Zealand banks, with smaller NZ owned banks hit hardest
2nd Jun 20, 9:53am
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Reserve Bank data shows just how significant the initial impact of the COVID-19 crisis has been on New Zealand banks, with smaller NZ owned banks hit hardest
The number of borrowers going interest only increases, as 24% of housing and 41% of business loans were interest only at the end of April
29th May 20, 5:57pm
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The number of borrowers going interest only increases, as 24% of housing and 41% of business loans were interest only at the end of April
TSB launches a virtual bank, saying the COVID-19 crisis has proven customers can still get personal, human service, but more conveniently via a video call
29th May 20, 2:20pm
TSB launches a virtual bank, saying the COVID-19 crisis has proven customers can still get personal, human service, but more conveniently via a video call
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