Banks’ preparations for tough times could dampen profits
KPMG sees banks continuing to make provisions for higher bad debts.
AdvertisementAdvertise with NZME.
Latest from Westpac Banking Corporation
Scam concerns intrude on big bank probe announcement
The nasty and costly scams have prompted a warning and some advice from ministers.
Lower inflation on food prices ‘a long way away’, economists say
Annual food price inflation is still close to 30-year highs.
Retail spending slump signals looming economic downturn
Card spending fell for the first time since February.
Retail sales down, signs of 'stark' year for Kiwi households
Some sectors sacrificed as surging cost of living forces tough choices.
Westpac NZ’s boss sees risks of hard landing for NZ economy
Westpac chief executive Catherine McGrath says more customers are feeling the pinch.
Data shows official inflation rates underestimates Kiwis' true pain
Who is feeling inflation the most and why.
Westpac customers hit again: Store 'turning people away'
The Australian-owned bank has apologised for the second time in a week.
$400k gone: The 'sickening gut punch' when you learn you've been scammed
They thought they'd invested $400,000 at Westpac. Weeks later they learned it was a scam.
Challenging year ahead, says Westpac NZ CEO Catherine McGrath
Westpac NZ CEO says high cost of living and high interest rates will keep pressure on.
Bank profits: Can Govt stop big four from making so much money?
Should banks be raking in record profits during a cost of living crisis?
More banks move to increase interest rates
Some mortgage rates are now over 7 per cent.
Grant Robertson upbeat despite huge global economic challenges
Minister of Finance says any future support for business will be targeted.
NZ's recession tightrope walk has banks in guessing game
"We are well and truly in an environment of slower growth," says ASB's Nathaniel Keall.
Kiwibank 2.0 is 'a wealth of opportunity'
OPINION: 'NZ is perhaps the only market that is so dominated by overseas-owned banks.'
'1980s shock treatment' not needed: Why NZ will avoid recession - new bank report
Westpac: Economy needs to push through pain barrier because the results will be worth it.
Major Aussie employers advise working from home during new Covid surge
Two of Australia's largest employers are instructing their staff to work from home.
'Food, fuel, housing': How much longer will the inflation pain last?
Inflation may have reached its peak, but the pain will linger.
GDP slump: Why we're not halfway to recession ... yet
The economy will rebound from the Omicron slump, but the real pain may still be to come.
'Another bloodbath': House prices slump again in May for sixth straight month
New data from REINZ shows house prices sank further in May.
GDP preview: Early bets in on path of economic growth
Economists say the first quarter was tough as Omicron kept people home.
Deloitte says Westpac NZ has made progress on liquidity risk management
RBNZ says it expects Westpac will build on its momentum to date.
'Recession can't be ruled out': Sluggish retail data points to tough year ahead
New data shows retail had a slow start to year. It will only get tougher, economists say.
Obituary: Westpac's change agent and former CEO dies
Harry Price was the bank's New Zealand chief executive from 1992 to 1999.
Kiwis shrug off inflation woes to spend more in April
Hospitality is the sector still doing it toughest StatsNZ card transaction data shows.
Westpac increases branch hours but closes 18 ATMs as cash use falls
Westpac NZ chief executive says it had a solid result in a fast-changing market.
Westpac half year cash profit up 9pc to $635m
The sale of its life insurance business gave a one-off gain of $126m.
Unemployment tipped for another record low
Labour shortages have likely driven the strongest wage growth since 2009.
Diana Clement: What's your excuse for not switching banks?
OPINION: It's easy, and the same goes for your KiwiSaver.
$400k gone: The 'sickening gut punch' when you learn you've been scammed
They thought they'd invested $400,000 at Westpac. Weeks later they learned it was a scam.
Will inflation top 7pc today? Economists expect highest in 30 years
StatsNZ releases Consumer Price Index data for the March quarter this Thursday.
House prices in 'full retreat' as FOMO gives way to fear of overpaying
New REINZ data shows the housing market cooling faster than expected, economists say.
Profits under pressure: Dark clouds hanging over banking sector
December's quarter was a record but challenges are on the horizon.
Retail spending dips in March as petrol prices bite
Omicron-related nervousness likely to remain a drag on spending for some time.