Banks
Greater capital needs will force banks to assess business
Forcing Australian owned banks to markedly increase the amount of money they hold in reserve might result in a cut back in the supply of credit here. Audio
Could iwi bank become the next Kiwibank?
Māori Council is calling on iwi to come together to establish a Māori Bank because Māori are being let down and shut out by the four big Australian owned banks. Audio
New LVR restrictions may help first home buyers
The Reserve Bank will loosen its loan-to-value restrictions for both owner-occupiers and investors in January and has hinted it could ease them further in the future. Audio
Kiwibank to review incentives for staff to sell products
Bank sales staff across the nine biggest retail banks in New Zealand earned $71 million in variable pay linked to performance measures - such as selling loans and products to customers - in the year… Video, Audio
More bank closures in the regions
Kiwibank is closing its branch near Nelson, but locals have written a letter to the Government calling for intervention. It's one of many bank's moving branches out of small towns across the country.
…NZ banks selling products customers don’t need
A review into New Zealand's banks recommends that banks stop giving staff financial incentives for selling bank products to customers, with more emphasis needed on whether what they're selling is… Audio
Govt keeping close eye on banking industry
While a review into New Zealand's banks didn't find the widespread misconduct revealed in Australia, it did find they needed to clean up sales and pay structures, train staff better, tighten up… Audio
Banking inquiry didn’t go far enough – Shane Jones
Regional Economic Development Minister Shane Jones, who has previously called out the banks for gouging, says while he accepts findings from an inquiry into New Zealand banks, the scope was too… Audio
Government warns banks to lift their game
An inquiry into New Zealand's banks has found they have been slow to take bad behaviour seriously and need to improve the way they monitor it, but cleared them of any serious misconduct. Audio
Banking system again threatening economy
A study on banking and markets since the financial crisis warns that "dangerous undercurrents" are a rising threat to stability.
NZ bank profits up despite negative sentiment
New Zealand bank profits are defying the negative business and consumer confidence that's overhanging the economy. Audio
Protesters link arms around Martinborough’s last remaining bank
Between 100 and 200 people have linked arms around an ANZ bank, the last remaining bank in the South Wairarapa town Martinborough in a last-ditch attempt to stop it closing. Local councillor Pip… Video, Audio
Climate Bond initiative sees many investment opportunities
Local banks are being urged to take a lead in promoting investment in the low-carbon economy. Audio
Rural residents back Shane Jones’ call to keep banks open
People in the provinces are backing Shane Jones' call to force banks to keep branches open in rural areas. The banks, however, insist they're doing a good job and are providing more banking options… Audio
Prime Minister's business advisory chief a 'celebrity’ - Jones
The Minister for Regional Economic Development says the Australian-owned banks are putting profits ahead of their responsibility to rural areas. Shane Jones has echoed concerns of the bank workers'… Audio
NZ banks conduct 'patchy' so far, regulator says
The Financial Markets Authority has found the conduct and culture of New Zealand's banks to be 'patchy'. Audio
New Kiwibank head to take on board suggestions
Kiwibank's new chief executive is looking to lift the bank's fortunes and image, in part by playing up its New Zealand ownership.
Banks facing uncertain times amid volitlity and change
Banks are facing uncertain times with global market volatility and increased scrutiny from regulators on both sides of the Tasman. Audio
Bank profits under pressure as asset quality declines
The record run of growth in banking profits has come to an end as they fell to the pressure of higher bad debts and operating costs and a squeeze on margins.
Claim becoming increasingly difficult to assess banks soundness
A finance academic is demanding the Reserve Bank provide more information from the country's trading banks about how sound they are. Audio
