In today's podcast, Frances discusses the sea of red in many people's KiwiSaver accounts, and how to work out if yours is as bad as it looks.
Following Mary Quin's departure from Westpac's board last month, the only directors remaining who were appointed before 2020 are chair Pip Greenwood, who joined the board in April 2019, and Jonathan Mason, who joined the board in June 2015.
Lending on housing continues to dominate bank balance sheets and accounted for 72.8% of net new lending in the March quarter.
The Reserve Bank wants the banks to continue supporting households and businesses.