Banking
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
RBNZ Governor says the decision to stop the banks paying dividends was to make sure $5 billion of Government money went to New Zealand businesses
22nd Apr 20, 8:37am
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RBNZ Governor says the decision to stop the banks paying dividends was to make sure $5 billion of Government money went to New Zealand businesses
RBNZ Deputy Governor: Saying goodbye to mortgage lending restrictions won't cause rapid credit growth - the bigger risk right now is banks being too conservative
21st Apr 20, 7:12pm
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RBNZ Deputy Governor: Saying goodbye to mortgage lending restrictions won't cause rapid credit growth - the bigger risk right now is banks being too conservative
Adrian Orr sees the economy making a 'sluggish' rather than a 'V-shaped' recovery; Says retail banks should lend 'courageously' but 'we need to keep open-minded to other forms of credit'
16th Apr 20, 7:40pm
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Adrian Orr sees the economy making a 'sluggish' rather than a 'V-shaped' recovery; Says retail banks should lend 'courageously' but 'we need to keep open-minded to other forms of credit'
In the fifth and final part of a series on New Zealand's retail payment systems Gareth Vaughan lays out a roadmap for regulating the retail payments sector and outlines why this should be done
16th Apr 20, 5:00am
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In the fifth and final part of a series on New Zealand's retail payment systems Gareth Vaughan lays out a roadmap for regulating the retail payments sector and outlines why this should be done
International co-ordinator the Financial Stability Board has issued a consultation paper with 10 key recommendations for regulation of 'global stablecoins'
15th Apr 20, 4:23pm
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International co-ordinator the Financial Stability Board has issued a consultation paper with 10 key recommendations for regulation of 'global stablecoins'
S&P Global Ratings affirms credit ratings of the Aussie parents of NZ's big four banks but revises outlook on them & Kiwi subsidiaries to negative from stable
8th Apr 20, 5:20pm
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S&P Global Ratings affirms credit ratings of the Aussie parents of NZ's big four banks but revises outlook on them & Kiwi subsidiaries to negative from stable
The Co-operative Bank says it won't be paying customer-members' rebates this year following RBNZ move to halt bank dividends in response to economic fallout from the COVID-19 pandemic
8th Apr 20, 9:58am
The Co-operative Bank says it won't be paying customer-members' rebates this year following RBNZ move to halt bank dividends in response to economic fallout from the COVID-19 pandemic
