Major banks will retain support of Aussie parents - S&P

Major banks will retain support of Aussie parents - S&P
Jenny Ruth
International ratings agency Standard & Poor's says the big four New Zealand banks are in a strong position to weather the coronavirus crisis although credit losses are likely to rise from currently very low levels.The four banks are still on "an extremely strong footing and we don't see any need to change the ratings or even expectations of any change," S&P bank analyst Sharad Jain told BusinessDesk.That also goes for the degree of support Australia's big four banks, which own the New Zealand big four, are expected to be able to provid...

More Finance

JPMorgan is revamping Its bank for the superrich
Finance

JPMorgan is revamping Its bank for the superrich

There is a minimum required balance of US$10 million. 

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