Strong economic rebound makes negative rates unlikely - ASB
ASB economists now see no need for the RBNZ to cut interest rates into negative territory.
AdvertisementAdvertise with NZME.
Latest fromASB Bank Limited
Kerre McIvor: Bank branch closures leave some people behind
OPINION: Banks say the changes are about convenience. Really, it's about them.
Which Kiwi bank boss earned the most?
All the bank bosses took a pay cut but one still earned a lot more than the others.
ASB to bring in own LVR restrictions ahead of Reserve Bank rules
ASB will move immediately to increase the minimum deposit required from investors.
ASB to close 23 branches
Bank say Covid-19 has accelerated the trend towards self-service banking.
ANZ chair Sir John Key, bankers fear Reserve Bank stimulation creating asset bubbles
The bosses of the big four banks talk about the big challenges ahead.
Foreign currency exchange dives but major banks stick with it
ANZ will follow Kiwibank in quitting buying and selling foreign currency.
Bank profits fall 13 per cent, provisioning rises to $2.5 billion as worst yet to come
KPMG's quarterly report shows bank profits have dropped again.
Suspicious transactions: Major NZ banks named in global probe
A global investigation has revealed transactions involving 'dirty money'.
Theo Spierings' new gig, Warehouse avoids scrutiny, Hosking joins ASB
The inside word on New Zealand's business community.
ASB boss' big pay packet cut
Vittoria Shortt's pay package takes half-a-million-dollar hit.
The dilemma banks face over mask wearing
Should customers wear a mask when they enter a bank branch?
New lockdown will cost economy almost $440m a week
Economic impact of new lockdown is still modest - for now.
Bank boss backs extension to mortgage deferral scheme
ASB boss would like to see an extension of the mortgage deferral scheme.
ASB boss says economy will be in for bumpy ride after change in alert levels
ASB has announced a 20 per cent drop in its cash profit for the year to June 30.
Banks close Auckland branches to prepare for 3-day lockdown
Banks have moved quickly to prepare for going back into lockdown.
Kate MacNamara: What $640m buys in the Reserve Bank's new budget
Funds are a win for Orr, but it's not clear that NZ will receive the value he claims.
Bank complaints: 21,000 in three months
First time complaint numbers have ever been revealed for the banks.
Liam Dann: Unemployment's OMG moment - what really happened to jobs
Good, bad or meaningless? We knew unemployment data would be weird but it still surprised.
The big ugly number due today - and what it will tell us
Unemployment will look ugly, but the true picture requires a deeper dive into the data.
What led police to release photos of suspected Wilson Parking card skimmer
Skimming fraud hits hospital ticket machines, investigation underway.
Mortgage wars: Big bank cuts interest rates for low-deposit home-loan borrowers
Low equity borrowers will now be able to access special rates.
NZ banks expected to weather Covid-19 storm but risks remain
But risks remain from the pandemic lasting longer and delays in a vaccine.
NZ banks' credit losses to rise to 12x 2019 level - S&P
A contracting economy and rising unemployment will affect banks' asset quality metrics.
The end of face-to-face banking? Covid lockdown hastens branch closures
More than 30 branches have closed since March 26.
Bank profits dropped 20pc in March quarter, full impact still to be revealed
A significant increase in impaired assets has dragged down bank profits.
ASB customers demand branches reopen, bank defends
'Branch teams are currently dealing with mammoth task' - ASB's Craig Sims.
How one Kiwi company went from LA award-winner to receivership
The once award-winning business owes $7.3 million.
GDP data to show economy on its way into recession
We get a first look at the Covid-19's economic effect with 1st quarter GDP data this week
Banks stopped selling controversial insurance product
Only Kiwibank still sells the insurance product.
Mortgage wars should spark boost to lending
Mortgage lending was slashed to about half of normal levels last month due to Covid-19.
Jenny Ruth: RBNZ's awkward about-face on bank capital rules
The new bank capital rules have been deferred until July 1 next year.
Like Y2K again: Banks get ready for negative interest rates
Banks have to check everything from their legal documents to technology systems.