Reserve Bank takes action against Westpac
Westpac required to commission two independent reports over risk governance concerns.
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'Chilling effect': New policies risk impacting on wider economy
New housing policies will slow the housing market but could they also slow the economy?
New Treasury role for Westpac chief economist
Dominick Stephens will work with Treasury on a 10-month secondment from Westpac.
Housing boom 'past its peak': Why major bank now predicts prices will fall
'The current boom has, in one sense, already passed its peak' - Dominick Stephens.
Liam Dann: RBNZ pushes back on celebrating recovery too soon
The RBNZ is waging a battle with bullish markets over recovery expectations.
NZ bank profits fell 28 per cent in 2020, to $4 billion
Impaired asset expenses rose sharply across the banks.
Liam Dann: What snap lockdown means for interest rates
This lockdown hasn't shifted economic forecasts but that doesn't mean it has no influence.
Banks closing up shop in isolated district
Combined Kiwibank/Post Shop could be the only in-person banking left in Wairoa by winter.
Major bank clamps down on new-build lending to investors
Banks are also taking a divergent approach on pre-approvals.
Why banks aren't taking advantage of cheap money
Just $1.04 billion has been lent through the programme.
Hirepool's $100m-plus debt: Banks grant rental firm extra time
Hirepool has appointed an adviser to manage the process.
Kerre McIvor: Bank branch closures leave some people behind
OPINION: Banks say the changes are about convenience. Really, it's about them.
House price surge just getting started, Westpac warns
The economy is performing better than expected with lower unemployment, says Westpac.
Which Kiwi bank boss earned the most?
All the bank bosses took a pay cut but one still earned a lot more than the others.
Second bank to increase investor deposit to 30pc
The housing market has been booming in recent months.
Local Focus: Rotorua businesses win big
Aaron Warren's gym wins people's choice. Made with funding from NZ On Air.
Westpac boss on why booming house prices are not healthy
Westpac NZ chief executive David McLean talks about the housing boom.
Westpac profit slumps $393m on Covid-19 impact
This follows on from a massive drop for ANZ.
Westpac NZ bank Auckland staffer tests positive for Covid-19
The employee's colleagues have been told to monitor their health.
Another major bank to ditch cheques
Westpac says cheques now make up less than 1 per cent of payments.
ANZ chair Sir John Key, bankers fear Reserve Bank stimulation creating asset bubbles
The bosses of the big four banks talk about the big challenges ahead.
Foreign currency exchange dives but major banks stick with it
ANZ will follow Kiwibank in quitting buying and selling foreign currency.
Liam Dann: House price boom raises stakes for Reserve Bank
The Covid housing boom shows Reserve Bank policy working but could see return of LVRs.
Bank tightens contactless payment fraud tracking
Bank contacted customer before they even knew they had lost card.
Bank profits fall 13 per cent, provisioning rises to $2.5 billion as worst yet to come
KPMG's quarterly report shows bank profits have dropped again.
Negative cash rate could dent confidence, Westpac boss warns
The Reserve Bank of New Zealand has continued to signal its intention to go negative.
Less grim: Economists forecast lower lockdown damage this time
A 'less downbeat' economic outlook from Westpac factors in resilience in June and July.
The dilemma banks face over mask wearing
Should customers wear a mask when they enter a bank branch?
Banks close Auckland branches to prepare for 3-day lockdown
Banks have moved quickly to prepare for going back into lockdown.
Kate MacNamara: What $640m buys in the Reserve Bank's new budget
Funds are a win for Orr, but it's not clear that NZ will receive the value he claims.
Bank complaints: 21,000 in three months
First time complaint numbers have ever been revealed for the banks.
Kiwis use spare lockdown cash to pay off home loan mortgage debt faster
More than $400 million extra was paid off mortgages by customers of Westpac.
Liam Dann: Unemployment's OMG moment - what really happened to jobs
Good, bad or meaningless? We knew unemployment data would be weird but it still surprised.
Investors unhappy banks blocked $3m in transfers to US firm
Protesters say a bank is blocking their bid to invest in a US-based company.