Finance

Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Westpac NZ's annual net profit falls 43%
Finance

Westpac NZ's annual net profit falls 43%

Westpac is experiencing falling income, rising costs and squeezed profit margins but chief executive David McLean said the bank's balance sheet is robust.

Jenny Ruth 02 Nov 2020
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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.
Negative interest rates looking less likely
Finance

Negative interest rates looking less likely

The dial looks to be turning against the negative interest rates idea.

Rebecca Howard 02 Nov 2020
ON THE MONEY: Kiwibank, 2degrees, Cam Wallace and more
Finance On The Money

ON THE MONEY: Kiwibank, 2degrees, Cam Wallace and more

OTM this week: Kiwibank's good crisis, Cam Wallace sells outta Air NZ, rumours fly at Fletcher Building.  

Victoria Young 31 Oct 2020
ANZ Bank not quite ready for negative rates
Finance

ANZ Bank not quite ready for negative rates

Getting ANZ Bank ready for negative interest rates goes way beyond adjusting its systems.

Jenny Ruth 30 Oct 2020