ANZ drops forecast for negative OCR
New Zealand's largest bank expects only marginal drop in cash rate this year.
New Zealand's largest bank expects only marginal drop in cash rate this year.
Strong rebound after lockdown 1 has combined with new lockdown costs to change forecasts.
Banks have moved quickly to prepare for going back into lockdown.
Only Kiwibank still sells the insurance product.
About $9 million in assets was seized by police today in Auckland.
Sale of house wasn't disclosed in 2017 financial statements.
Ultimatum during early-morning phone conference. ANZ calls in Telecom heavyweight.
The Government, FMA and Reserve Bank released a rapid-fire barrage of banking initiatives.
An internal review from ANZ bank has forced boss David Hisco to get packing.
ANZ has revealed how much its boss David Hisco earns.
The government is sitting on a stack of $166.2 million of unclaimed money
Small businesses are upbeat about the year ahead, with confidence at its highest level in almost two years.
UDC Finance's deposits shrank in the latest financial year.
ANZ has announced an assistance package for customers impacted by the 7.5 magnitude earthquake on Monday night.
Shayne Elliott has ended the era of executive perks at the bank, the AFR says.
ANZ's operation in the country is reportedly reducing exposure to struggling industrial sectors and "cherry-picking" higher quality customers.
Cash profit at ANZ New Zealand has fallen from $841m to $751m for the past six months.
Australia's corporate regulator has started legal action against ANZ Banking Group for alleged involvement in interest rate rigging among Australia's big four banks.
Two dismissed traders at ANZ have sued the bank for millions, claiming bosses there tolerated a culture of sex, drugs and alcohol.
The A$30 billion combined annual cash profit reported by Australasia's big four banking giants is an eye-popping figure by anyone's measure.
Market-share gains helped ANZ New Zealand drive a 4 per cent lift in annual profit to a record $1.8 billion.
Is the Govt really getting double the amount of dividends from its sold down power companies?
As ANZ's unionised staff seek a pay rise of 2 - 3 per cent, it's been revealed their NZ boss has enjoyed a solid pay rise of nearly 14 per cent, taking him to $4.7m.
Business confidence has rebounded in ANZ's monthly survey, the first since the general election.
Pumpkin Patch auditor PwC says the former high-flying retailer may have difficulty continuing as a going concern if it is unable to comply with banking covenant agreements with its bank, the ANZ.
ANZ plans to cut 23 workers from its Auckland offices and outsource the work to India. The bank, which also confirmed 70 job cuts in Australia today.
Banks are dropping mortgage rates and offering cash sweeteners, loaded credit cards, payment of legal fees and tablet computers as they go to war for customers.
How would you feel if someone muscled in front of you in the queue at the bank? How would you feel if the manager actually encouraged queue-jumping? Bernard Hickey looks at bank assets.