![Aussie banks take a big hit after new tax](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Aussie banks take a big hit after new tax
Bank shares have taken a big hit on stock markets this morning following the Aussie budget
Bank shares have taken a big hit on stock markets this morning following the Aussie budget
Australian Treasurer Scott Morrison introduced the levy on Australia's five biggest banks.
NZ's banks could use deeper capital buffers, closer supervision, IMF says.
But Westpac and BNZ see the regulator's planned outsourcing policy as an unnecessary cost.
COMMENT: French election and Brexit open door to exodus of finance.
House price growth expectations have halved, says Westpac chief executive David McLean
Flat New Zealand result but Australian operation awash with cash.
Is your money safe? Hackers have exploited a vulnerability to steal funds.
The banking system creates money when loans from one bank are deposited in another.
Companies involved in weapons manufacture and tobacco trade will be excluded.
Sustainable growth was among the reasons cited for raising profit.
President Trump says he's actively considering a breakup of giant Wall Street banks.
Cooperative Bank named general manager customer banking David Cunningham as the new boss.
Kristen Lunman is excited about solving financial problems with the help of technology.
Bryan Gould cites the Bank of England to support his account of money creation.
Young people were the least prepared, but even older people weren't planning.
We're a nation with a debt problem. But can debt be good, and do you treat it differently?
Credit unions will soon be on a level playing field with banks under proposed changes.
COMMENT: If banks could simply create money, why would they pay to attract deposits?
If you're finding yourself short of assets for collateral one bank will accept cheese.
Co-op Money NZ chairman Steve Nichols has quit after just over a month.
Kiwibank is warning customers after it was affected by a skimming operation
New Zealand is yet to see a growth of Shari-compliant banking options.
A small savings this week could shave years off your mortgage in the long run.
Jes Stanley will suffer a significant pay cut after he tried to uncover a whistleblower.
Change at top of Kiwibank board not due to dissatisfaction, spokesman says.
Kiwibank chairman Rob Morrison and deputy chair Rhoda Phillippo have resigned.
Nobel Prize-winning economist Muhammad Yunus is in New Zealand to talk business.