Latest from Banking

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.

ANZ loses bid to strike out action over ponzi scheme

Bank has strike out application dismissed.

Covid-19 will cause sharper down-turn than GFC, Westpac boss says

Westpac boss David McLean believes New Zealand could come out of recession quickly.

BNZ accused of sabotage by former business partner

Claims of deceit and conspiring against the company behind failed Swipe HQ.

NZ banks defend Covid-19 response after criticism

NZs banks have 'blown the chance' to show customers they care during the crisis.

Westpac expects $211m hit linked to Covid-19

Big bank announces how much it made in the six months to March 31.

Small biz loans welcomed as banks accused of being too tough

Banks' criteria criticised for being too tough for some small businesses to get loans.

ANZ boss says confidence key to economic recovery

An increase in mortgagee sales is a possibility.

Govt blasts banks, will provide $100k loans to virus-hit businesses

Finance Minister Grant Robertson chides banks for failing to help businesses.