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

Fast-food chain float could give Fonterra a steer
Finance

Brian Robins: Fast-food chain float could give Fonterra a steer

After a dearth of IPOs, all eyes are on Guzman y Gomez. 

Brian Robins 20 Jun 2024
Whineray appointed new Jarden chair
Finance

Whineray appointed new Jarden chair

Fraser Whineray quit as Fonterra's chief operating officer in July 2023.

Murray Jones 19 Jun 2024
Bluebird improves profits after investment in Wiri site
Finance

Bluebird improves profits after investment in Wiri site

Bluebird Foods NZ has posted a profit of $13.2m for the year ended December 2023.

Staff reporters 18 Jun 2024