Latest from Banking and finance

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.

Bank fees threaten no-touch payments

Retailers took up contactless payment under lockdown but will they ditch it now?

Major bank under investigation over claims of spying on staff

Systems allowed managers to track how long staff were away from their desks.

Liam Dann: Why Key's grim financial crisis call is a timely warning

Sir John Key has warned we face a financial crisis. Is he right? And what would that mean?

Bank exposure to missed business loan payments creeps up

The average exposure to missed business debt payments is rising.

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.

Former CBL boss Peter Harris appears in court over fraud charges

CBL had a market value of $747m when its shares were suspended from trading in 2018.

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.

What led police to release photos of suspected Wilson Parking card skimmer

Skimming fraud hits hospital ticket machines, investigation underway.

Mortgage wars: Big bank cuts interest rates for low-deposit home-loan borrowers

Low equity borrowers will now be able to access special rates.

Skimming scam: Banks alert Wilson Parking over hospital fraud

Police investigation launched, company audits 500 machines.

NZ banks expected to weather Covid-19 storm but risks remain

But risks remain from the pandemic lasting longer and delays in a vaccine.

ANZ to pay $19,000 following deathbed visit by banker

The bank also issued an apology to the family following a near two-year fight.

Peter Lyons: Money, banking and the post-Covid economy

Comment: The dark art of private banks magically creating money is little understood.

NZ banks' credit losses to rise to 12x 2019 level - S&P

A contracting economy and rising unemployment will affect banks' asset quality metrics.

Cashless future comes a big step closer

New York Times: Quest for cleanliness is encouraging shoppers to abandon notes and coins.