Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Economy
Westpac won't pay a first-half dividend, ANZ decision still pending
Westpac Banking Corp has decided it won't pay a first-half dividend despite assuring investors that its balance sheet is strong. "Given the desire to retain a strong balance sheet and the ongoing uncertainty in the operating environment, the board has now decided it is prudent...
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First Mortgage Trust
First Mortgage Trust is an investment manager that specialises in property lending. For nearly 30 years we’ve been helping New Zealanders protect and grow their wealth.
Economy
Govt won't dip into covid fund for $1.6b wage subsidy extension
The government won’t need to tap the $14 billion contingency in its covid response and recovery fund to cover the wage subsidy extension.
News in Brief
Jarden splits with Credit Suisse Australia
Investment and advisory firm Jarden is parting company with Credit Suisse Australia.In a joint statement, the firms said they had agreed to exit their formal strategic alliance, given the evolving strategic priorities of both firms.“There will be an orderly transition over the co...
Coronavirus
Bancorp's clients face credit crunch and higher costs
Bancorp New Zealand's clients are finding it more difficult to get bank credit and, when they do get it, they're having to pay between 0.35 percent and 1 percent more for loans, said managing director Craig Brownie. "Bancorp has seen a widening of spreads compared to pre-covid...
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