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NZ bank profits fell 28 per cent in 2020, to $4 billion
Impaired asset expenses rose sharply across the banks.
Impaired asset expenses rose sharply across the banks.
Combined Kiwibank/Post Shop could be the only in-person banking left in Wairoa by winter.
Banks are also taking a divergent approach on pre-approvals.
The businessman appeared in court today.
Strong numbers tomorrow may raise more alarm bells than weak data, economists say.
Paul Conway previously worked for the Productivity Commission.
Just $1.04 billion has been lent through the programme.
Banks are closing branches but where will workers work and who will pay?
The Commerce Commission has warned the bank.
All the bank bosses took a pay cut but one still earned a lot more than the others.
The housing market has been booming in recent months.
BNZ chief executive Angela Mentis says she remains optimistic.
The BNZ has released its full year financial result.
The bosses of the big four banks talk about the big challenges ahead.
ANZ will follow Kiwibank in quitting buying and selling foreign currency.
The Covid housing boom shows Reserve Bank policy working but could see return of LVRs.
KPMG's quarterly report shows bank profits have dropped again.
A global investigation has revealed transactions involving 'dirty money'.
Banking boss says Covid-19 has left its offices largely vacant.
Should customers wear a mask when they enter a bank branch?
Funds are a win for Orr, but it's not clear that NZ will receive the value he claims.
First time complaint numbers have ever been revealed for the banks.
Skimming fraud hits hospital ticket machines, investigation underway.
But risks remain from the pandemic lasting longer and delays in a vaccine.
A contracting economy and rising unemployment will affect banks' asset quality metrics.
More than 30 branches have closed since March 26.
A significant increase in impaired assets has dragged down bank profits.
Mortgage lending was slashed to about half of normal levels last month due to Covid-19.
The new bank capital rules have been deferred until July 1 next year.
Banks have to check everything from their legal documents to technology systems.