Banks eye emergency relief for SME, mortgage borrowers

Banks eye emergency relief for SME, mortgage borrowers
Jenny Ruth
Banks are looking at allowing small to medium-sized businesses and mortgage customers to suspend payments for a period as many firms curtail their activities or lose custom due to the coronavirus crisis.BusinessDesk understands this follows an emergency meeting between the Reserve Bank and trading banks over the weekend.The central bank didn't confirm or deny that there was a meeting but said it is in constant communication with the retail banks and the New Zealand Bankers Association and "we are confident that they are well placed to respond t...

More Finance

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025
Michael Lorimer exits Grant Samuel amid more sector change
Finance

Michael Lorimer exits Grant Samuel amid more sector change

Lorimer has sold his 80% stake in the corporate advisory firm.

Duncan Bridgeman 26 Jun 2025