Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
Dairy risk in S&P's dimmer view of BNZ's capital position?
Standard & Poor's has singled out Bank of New Zealand as being in a worse capital position than the other three major banks and even compared with two smaller banks.
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Finance
Tough banking decisions still to come, says ASB chief
Tough decisions are still ahead for banks as initial government support ends and winners and losers emerge, says ASB Bank chief executive Vittoria Shortt.
Finance
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...
Finance
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...
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