Bank profits dropped 20pc in March quarter, full impact still to be revealed
A significant increase in impaired assets has dragged down bank profits.
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ASB to close 9 branches and reduce hours on 25 others
It will also hire people into 150 new roles.
ASB customers demand branches reopen, bank defends
'Branch teams are currently dealing with mammoth task' - ASB's Craig Sims.
Continuous Disclosure: Goldman Sachs' golden run, Delegat's good drop
When a good drop is good news.
Covid crunch: NZ house prices tipped to fall by 10 per cent
S&P says the credit ratings of local banks should hold despite a 10% fall in house prices.
NZ police seize $140m from Russian 'computer genius'
Bank funds frozen in prosecution of Bitcoin exchange accused of money laundering billions.
'Diabolical': Businesses on Govt-backed loan scheme
Government loan scheme application just too difficult, say business owners.
Ombudsman prepares for onslaught of banking complaints
KiwiSaver withdrawal and mortgage deferral complaints rose during Covid-19 lockdown.
Banks stopped selling controversial insurance product
Only Kiwibank still sells the insurance product.
Mortgage wars: Kiwibank slashes home loan rates
State-owned bank cuts variable rates on business and home loans.
Bank and insurance licensing law change doesn't go far enough, Consumer says
Hearings on bill proposing to license conduct of financial institutions start Wednesday.
Kiwis reveal their biggest financial worries
A new survey sheds light on what's keeping Kiwis up at night.
ANZ strife: More bad news for country's largest bank
ANZ New Zealand now facing legal action on multiple fronts.
Regulator takes action against ANZ for insurance that offered no cover
Financial Markets Authority alleges bank sold insurance policies that offered no cover.
The other cloud hanging over NZ's economic recovery
The recovery will take way longer if Kiwis aren't willing to spend.
Westpac loan targets rise in work from home
Bank offers up to $10k interest-free as more opt to work from home.
Japan's Shinsei Bank to buy UDC Finance for $762m
ANZ has been trying to offload UDC for some time.
HSBC reviewing operations - could NZ office close?
Global bank is reviewing its operation as it cuts 35,000 staff.
How bad could it get for banks? The worst case scenarios
Reserve Bank governor Adrian Orr forecasts tough time still to come.
ASB Securities hit with $80,000 fine for 14-year privacy breach
The New Zealand Markets Disciplinary Tribunal censured the online share trading platform.
How banks and insurers are coping amid the coronavirus economic fall-out
The Reserve Bank has released its six monthly financial stability report.
Funding for property development and subdivisions dries up
Developers will have to hold on until financiers feel more confident again.
Like Y2K again: Banks get ready for negative interest rates
Banks have to check everything from their legal documents to technology systems.
New record low: ASB hits back in mortgage war with 2.69% rate
Major bank cuts mortgage rate to new low.
Mortgage wars: Home owners could save up to $70 a week
Savings to be had as banks slash rates.
ASB to phase out use of cheques
Kiwibank stopped accepting cheques in February, and Inland Revenue and ACC in March.
What bank bosses want to see in Budget 2020
What do bank bosses want to see in the Budget to help business?
$377m worth of loans to small business applied for in one day
Thousands of businesses have applied for a loan from Inland Revenue.
FMA to company bosses: Be brave and we'll be forgiving
Directors must front foot liquidity concerns, says Financial Markets Authority chief.
Two more major banks ditch cheques
Number of customers using cheques has been steadily declining over the past five years.
Locked out: Westpac system crashes
Some customers have been locked out of their accounts for hours.
Tens of thousands of workers set to return to offices
Offices 'just like land-based cruise ships' - Calder
Revealed: Just $23m of $6.25b Govt-backed loans made by banks
Take-up of the Business Finance Guarantee Scheme has been slow.
Mortgage wars: Record low - banks cut rates to less than 3 per cent
The is the first time interest rates have dipped below 3 per cent.