Banking news

[Updated]
2nd Apr 20, 3:59pm
A review of things you need to know before you go home on Thursday; FEI in receivership, big Govt bond tenders, Barfoots strong pre lockdown, RBNZ stops bank dividends, swaps low, NZD soft, & more
[Updated]
A review of things you need to know before you go home on Thursday; FEI in receivership, big Govt bond tenders, Barfoots strong pre lockdown, RBNZ stops bank dividends, swaps low, NZD soft, & more
2nd Apr 20, 3:59pm
2nd Apr 20, 3:28pm
In a new report ratings agency Moody's Investors Service says disruption from coronavirus will weaken NZ’s economic growth leading to increases in problem loans, weighing on banks’ profitability and capitalisation
In a new report ratings agency Moody's Investors Service says disruption from coronavirus will weaken NZ’s economic growth leading to increases in problem loans, weighing on banks’ profitability and capitalisation
2nd Apr 20, 3:28pm
[Updated]
2nd Apr 20, 10:03am
RBNZ offers banks more help to encourage them to keep lending... but at a cost, as it restricts them from paying dividends until the economic outlook improves
[Updated]
RBNZ offers banks more help to encourage them to keep lending... but at a cost, as it restricts them from paying dividends until the economic outlook improves
2nd Apr 20, 10:03am
[Updated]
1st Apr 20, 6:15pm
More detail unveiled on which businesses are be eligible for an 80% taxpayer-backed bank loan to get them through the COVID-19 crisis
[Updated]
More detail unveiled on which businesses are be eligible for an 80% taxpayer-backed bank loan to get them through the COVID-19 crisis
1st Apr 20, 6:15pm
[Updated]
1st Apr 20, 3:59pm
A review of things you need to know before you go home on Wednesday; more savings account rate cuts, housing market turns grim, thousands apply for mortgage relief, vastly more for wage subsidies, swaps data updated, NZD soft, & more
[Updated]
A review of things you need to know before you go home on Wednesday; more savings account rate cuts, housing market turns grim, thousands apply for mortgage relief, vastly more for wage subsidies, swaps data updated, NZD soft, & more
1st Apr 20, 3:59pm
[Updated]
1st Apr 20, 2:54pm
Govt to announce commercial property sector support this week; Banks nearly ready to write taxpayer-backed business loans; Treasury says 'bespoke' support for big business could involve debt, equity or regulatory relief
[Updated]
Govt to announce commercial property sector support this week; Banks nearly ready to write taxpayer-backed business loans; Treasury says 'bespoke' support for big business could involve debt, equity or regulatory relief
1st Apr 20, 2:54pm
1st Apr 20, 1:22pm
We needed a reasonable period of time to allow the recent surging wave of highly geared first home buyers to get financially comfortable. We didn't get it
We needed a reasonable period of time to allow the recent surging wave of highly geared first home buyers to get financially comfortable. We didn't get it
1st Apr 20, 1:22pm
1st Apr 20, 9:34am
Rabobank NZ says ex-Fonterra boss Henry van der Heyden is standing down as its chairman 'due to regulatory changes', succeeded by Andy Borland
Rabobank NZ says ex-Fonterra boss Henry van der Heyden is standing down as its chairman 'due to regulatory changes', succeeded by Andy Borland
1st Apr 20, 9:34am
1st Apr 20, 8:35am
S&P Global Ratings says NZ's big four banks have substantial headroom as they buckle in for a COVID-19 driven increase in bad debts
S&P Global Ratings says NZ's big four banks have substantial headroom as they buckle in for a COVID-19 driven increase in bad debts
1st Apr 20, 8:35am
31st Mar 20, 3:59pm
A review of things you need to know before you go home on Tuesday; many retail rate changes (cuts), retail spending dives, business confidence follows, power use down, swaps stablise, NZD firm, & much much more
A review of things you need to know before you go home on Tuesday; many retail rate changes (cuts), retail spending dives, business confidence follows, power use down, swaps stablise, NZD firm, & much much more
31st Mar 20, 3:59pm
31st Mar 20, 2:01pm
Commerce Commission looking at COVID-19 'mortgage holidays' through CCCFA lens, what RBNZ capital concession means & what about non-bank deposit takers?
Commerce Commission looking at COVID-19 'mortgage holidays' through CCCFA lens, what RBNZ capital concession means & what about non-bank deposit takers?
31st Mar 20, 2:01pm
31st Mar 20, 7:37am
A wrap of all the tricks the Reserve Bank's pulled out of its bag (so far) to keep cash flowing through the economy 
A wrap of all the tricks the Reserve Bank's pulled out of its bag (so far) to keep cash flowing through the economy 
31st Mar 20, 7:37am
30th Mar 20, 3:59pm
A review of things you need to know before you go home on Monday; rate changes keep coming, RBNZ adds to support, insurers promise support, fear stalks fixed interest markets, NZD firm, & more
A review of things you need to know before you go home on Monday; rate changes keep coming, RBNZ adds to support, insurers promise support, fear stalks fixed interest markets, NZD firm, & more
30th Mar 20, 3:59pm
28th Mar 20, 12:32pm
Gareth Vaughan on stress testing COVID-19, panic buying, Trump's Vietnam, the Fed's balance sheet topping US$5 trillion and the Coronavirus Rhapsody
Gareth Vaughan on stress testing COVID-19, panic buying, Trump's Vietnam, the Fed's balance sheet topping US$5 trillion and the Coronavirus Rhapsody
28th Mar 20, 12:32pm
28th Mar 20, 10:32am
In the third part of a series on NZ's retail payment systems, Gareth Vaughan looks at the complications of interchange & merchant service fees and finds a government minister still waving a regulatory stick
In the third part of a series on NZ's retail payment systems, Gareth Vaughan looks at the complications of interchange & merchant service fees and finds a government minister still waving a regulatory stick
28th Mar 20, 10:32am
27th Mar 20, 3:59pm
A review of things you need to know before you go home on Friday; many rate cuts and payment deferrals, petrol price drops, landlords want a public bailout, swaps slip, NZD firm, & much more
A review of things you need to know before you go home on Friday; many rate cuts and payment deferrals, petrol price drops, landlords want a public bailout, swaps slip, NZD firm, & much more
27th Mar 20, 3:59pm
[Updated]
27th Mar 20, 3:33pm
Most banks set-up to receive mortgage repayment deferral applications online; Customers urged not to swarm call centres
[Updated]
Most banks set-up to receive mortgage repayment deferral applications online; Customers urged not to swarm call centres
27th Mar 20, 3:33pm
26th Mar 20, 5:39pm
Mortgage holders may need to wait until next week before banks make 6-month payment holiday available; Grant Robertson 'actively working' on extending scheme to building societies
Mortgage holders may need to wait until next week before banks make 6-month payment holiday available; Grant Robertson 'actively working' on extending scheme to building societies
26th Mar 20, 5:39pm
[Updated]
26th Mar 20, 3:59pm
A review of things you need to know before you go home on Thursday; mortgage rates go below 3%, TD rates cut too, online crims active, electricity use falls, swaps lower, NZD weaker, & much more
[Updated]
A review of things you need to know before you go home on Thursday; mortgage rates go below 3%, TD rates cut too, online crims active, electricity use falls, swaps lower, NZD weaker, & much more
26th Mar 20, 3:59pm
25th Mar 20, 3:59pm
A review of things you need to know before you go home on Wednesday; many retail rate cuts, trade data holding up, equity markets in fairyland, swap rates volatile, NZD holds firm, & more
A review of things you need to know before you go home on Wednesday; many retail rate cuts, trade data holding up, equity markets in fairyland, swap rates volatile, NZD holds firm, & more
25th Mar 20, 3:59pm

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