THE CHART: How Westpac compares to the other big banks

Andy Fyers
Fri, 26 Mar 2021

Westpac NZ could be up for sale.
Andy Fyers
Fri, 26 Mar 2021
Westpac has announced it is considering selling off its New Zealand banking business.The announcement follows the RBNZ ordering the bank to commission two reports as a result of the bank's failure to comply with liquidity reporting requirements.It was also censured in 2017 for failing to get internal models for calculating capital approved by the RBNZ.The penalty that time was a requirement for the bank to carry an extra $1 billion of capital for two years.Now the parent company says it is looking to offload the NZ component of the business...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Pet food millionaire snaffles Taupō racetrack
Pattrick Smellie | Sat, 17 Apr 2021

Tony Quinn is adding Taupō's Bruce McLean Park to the motorsport facilities he already owns at Hampton Downs and Highlands.

Markets Exclusive
Market regulator blasts Australian 'culture of leaks'
Dan Brunskill | Sat, 17 Apr 2021

Leaks are threatening market integrity and should not be tolerated, NZ RegCo says.

The traditional office is dying a slow, painful death
Jehan Casinader | Sat, 17 Apr 2021

The modern workplace has been through various iterations in recent decades, but no one questioned why it existed in the first place.

Partner Content
Highlights from the New Zealand company earnings season

The February earnings season has provided a snapshot of the impact covid-19 has had on different sectors over the last six months and expectations for the year ahead.

Now’s the time to ask hard questions on our future land use

How can we work together to strengthen our economy and support Kiwis to prosper while protecting our natural environment and our climate.