ANZ: bank and customer balance sheets in better shape than pre-GFC
ANZ Bank New Zealand and many of its business customers' balance sheets were in much better shape heading into the coronavirus crisis than they were before the global financial crisis, according to chief executive Antonia Watson.That's one reason ANZ has approved only a s...
NZ dollar rides optimism on unproven covid-19 treatment
The New Zealand dollar rode a wave of optimism about a still-unproven covid-19 treatment which has been driving equities markets higher. At the same time, the market has been ignoring worse than expected US March-quarter GDP data and a downbeat economic assessment from the Fed...
ANZ NZ profit falls 15% after $200m covid-19 provisions
ANZ Bank New Zealand's first-half net profit fell 15 percent, reflecting a $200 million increase in charges against profit for bad debts on the expected impact of the coronavirus crisis. Its year-earlier results had also been boosted by profits from asset sales. ANZ's net p...
Covid-19 hit to Fletcher won't be as bad as GFC - analysts
Government support measures mean the impact of the coronavirus crisis on Fletcher Building's core New Zealand operations won't be as bad as the hit they took during the global financial crisis, according to Craigs Investment Partners analysts. They also expect the impact of th...
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