Govt blasts banks, will provide $100k loans to virus-hit businesses
Finance Minister Grant Robertson chides banks for failing to help businesses.
Finance Minister Grant Robertson chides banks for failing to help businesses.
Higher expenses and a squeeze on its margins hit ANZ NZ's cash profit.
New data shows more than 100,000 households are seeking mortgage relief from their bank.
BNZ's latest half year result took a Covid-19 hit but the CEO remains confident.
Directors to donate 20 per cent of their fees for the next six months to charities
Some banks are increasing branch hours while others are making no change under level 3.
Banks charge low rates on government-backed business finance lending.
'I went to get my groceries and my card was declined, I can't even check my balance.'
Money laundering compliance issues, customer refunds and asset write-downs take their toll
Coronavirus scams on the rise in a bid to prey on vulnerable Kiwis.
Focus: Kiwibank CEO Steve Jurkovich says the bank will have to take a more open-minded approach towards lending both during and after the Covid-19 restrictions.
The number of New Zealanders seeking help from their bank to pay the mortgage has surged.
Major banks reveal how many New Zealanders have applied for mortgage holidays.
Shareholders furious after bank scraps payout due to coronavirus crisis
The situation is grim, and will be for a while, but NZ has some big things going for it.
There will also be a flow-on from the bank dividend block to smaller NZ banks.
NZ banks have been told they can't pay dividends by the regulator.
How much each bank will be allocated is still to be worked out by Treasury.
S&P Global says banks should be able to handle the impact of the Covid-19 downturn.
New Zealand's Reserve Bank has made another unorthodox policy move.
Thousands of people have asked about taking a home-loan holiday.
A mortgage deferral won't be suitable for everyone.
Central bank's mission is to make sure Government and banks have the money they need.
Banks are still working through details of the government's six month mortgage relief.
Mike Hosking talks to Finance Minister Grant Robertson about the mortgage holiday plan.
Businesses with turnover of between $250,000 and $80 million will be eligible.
A major financial support package for homeowners and businesses has been announced.
Thousands of businesses have called banks for financial support.