Finance
Explore the latest finance news by Business Desk.
Opinion
Peter Griffin: PETER GRIFFIN: Time to do the prep work for our own digital currency
The Reserve Bank’s move to appoint a ‘head of money and cash’ shows it is getting serious about planning for the future of money and the possibility of a digital kiwi dollar. The Reserve Bank has been fairly tepid on the idea of introducing a central bank digital currency (CBD...
Coronavirus
CBA provides A$1.5b for covid-19-related losses
Commonwealth Bank of Australia has provided A$1.5 billion against potential losses relating to the covid-19 crisis. That's just below Westpac's A$1.6 billion provisions and considerably higher than National Australia Bank's A$807 million and ANZ Bank's A$1.03 billion. CBA d...
Coronavirus
S&P expects NZ banks' covid-19 losses to peak at $4.7b
Credit rating agency Standard & Poor's expects New Zealand 'big four' banks' collective covid-19-related losses will peak at about $4.7 billion but they're well-placed to absorb such losses so it shouldn't affect their capital positions. The international ratings agency has ma...
Economy
Shamubeel Eaqub: SHAMUBEEL EAQUB: On free money
Sense Partners economist Shamubeel Eaqub was surprised recently to find that the Social Credit party had made him a poster-boy, along with various other well-known New Zealand economic luminaries, for the idea that all governments need do to fix their economic problems is print a...
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