Latest from Banking and finance

How business is trying to survive the pandemic

This one key move might help many businesses stay afloat.

NZ banks blocked from paying dividends to shareholders

NZ banks have been told they can't pay dividends by the regulator.

Nine banks to start lending govt-backed $6.25b for business immediately

How much each bank will be allocated is still to be worked out by Treasury.

BNZ takes a more cautious approach to judging company solvency

"Our obligations to ensure we are lending responsibly don't change', the bank said.

NZ banks should be able to absorb credit losses - S&P

S&P Global says banks should be able to handle the impact of the Covid-19 downturn.

Coronavirus decimates business confidence

Business confidence dropped to the lowest since the start of ANZ's bank survey.

'It's harder to get out': Sir John Key on the challenge in ending a lockdown

What happens after three weeks? Do we go back to level three or level two?

Reserve Bank's latest emergency move ... and what comes next

New Zealand's Reserve Bank has made another unorthodox policy move.

Coronavirus: 10,000 plus Kiwis seek home-loan relief

Thousands of people have asked about taking a home-loan holiday.

U.S. markets wrap up worst week since 2008

Investors try to fathom where the coronavirus will eventually leave the U.S. economy.

The next big move the Reserve Bank could make

BNZ expects the Reserve Bank to move soon on bond purchases to take stress off credit.

Coronavirus: Bank waives contactless debit fee for small businesses

One bank has moved as pressure mounts over contactless payment as a health issue.

The 2020 recession is 'here and now' - S&P Global

NZ faces at least three quarters of negative growth, global recession now inevitable.

Pressure grows on banks to cut paywave costs

Banks are facing mounting pressure to drop charges on contactless payments.

NZ bank credit losses will rise from low levels

Banks are well-placed to weather the coronavirus fallout, S&P says.

Coronavirus: Fears banks could tighten home loan lending

Buyers employed in tourism may soon face a battle securing home loans due to coronavirus.

Westpac to offer interest-free loans for insulation, home heating

Westpac is making a push to address climate change.

Bank to virus-hit firms: Ring us sooner rather than later

If you are in trouble call us now says bank boss.