Westpac NZ eyes improved full-year 2026 profit on GDP gains

Westpac NZ eyes improved full-year 2026 profit on GDP gains
Westpac is taking aim at big-tech's efforts to fight crime (Image: NZME)
Andy Macdonald
Westpac New Zealand is already looking for its full-year 2026 performance to improve upon the just-finished same period this year, helped along by the tailwinds of a gradually improving economy.The bank – New Zealand’s fourth largest by total assets – also took a swipe at social media titans Google and Meta for what it called “piecemeal” efforts to fight financial crime.“We think it is [a full-year 2026] going to be a better year than 2025,” chief executive Catherine McGrath told BusinessDesk. The...

More Finance

Co-operative Bank, ComCom agree penalty fee
Finance

Co-operative Bank, ComCom agree penalty fee

The bank is silent on the penalty amount it and the Commerce Commission are aligned on.

RBNZ reopens Wellington office after asbestos mayhem
Finance

RBNZ reopens Wellington office after asbestos mayhem

Bank tight-lipped on how many staff are home-working as asbestos-hit office reopens. 

Andy Macdonald 21 Nov 2025
Big banks eye warnings on legacy Open Banking technology
Finance

Big banks eye warnings on legacy Open Banking technology

Their interest comes with dawn of API-led Open Banking just weeks away. 

Andy Macdonald 19 Nov 2025
Banks accelerate crackdown on ‘mule’ scammers
Finance

Banks accelerate crackdown on ‘mule’ scammers

New technology picks up crooked “muleteers” more quickly.

Andy Macdonald 17 Nov 2025