Deborah Hill Cone: Wanted: Help, not handouts
Banks are holding on to their money, so why is the Government so generous with ours?
Banks are holding on to their money, so why is the Government so generous with ours?
Kiwibank's annual profit has more than halved as provisions for bad debts surged more than four times.
The writing is on the wall for the old-fashioned cheque.
The Supreme Court has told lender Westpac New Zealand it was wrong to withhold client funds amid suspicions over where the money was going.
Global turmoil in global markets means the next OCR hike is now likely to be December, not September, say a growing number of bank ecnomists.
Improved economic conditions contributed to ASB Bank recording a 27.6 per cent increase in its net profit after tax to $568 million for the year to June 30, the company said today.
The US and European sovereign debt crises will likely push up the cost of funding for NZ banks, the head of the BNZ says.