RBNZ warns banks not to ‘extend and pretend’ 28 May 2020 6:05AM The Reserve Bank of New Zealand says Kiwi banks are resilient to all but the most severe scenarios of Covid-19 economic fallout, and it still plans to increase their capital requirements – although to.. read more
Briefs: Kiwi govt loans 1b, NAB talks up UBank, new bond market player 27 May 2020 5:49AM In its first fortnight of operation, the New Zealand government's Small Business Cash flow Loan Scheme has processed close to a billion dollars in interest-free loans to SMEs. read more
Westpac offers interest-only relief options 26 May 2020 5:32AM Westpac has changed the terms of its mortgage payment relief program, saying it wants to give home loan customers more flexibility. read more
Briefs: Kiwi cash rush, Pioneer appointment 26 May 2020 5:30AM One month’s worth of withdrawals “occurred in just three days last week,” in New Zealand, independent ATM network, Next Payments, said. read more
Briefs: Fitch affirms Heartland rating, revises down Kiwi banks 20 May 2020 6:06AM Fitch Ratings has affirmed Heartland Group’s and Heartland Bank’s long-term issuer default ratings at BBB and the long-term IDR of Heartland Australia at BBB-. read more
Briefs: EML appointment, RBNZ registers ICBC branch 19 May 2020 5:25AM US payments industry veteran George Gresham has joined the board of EML Payments as an independent non-executive director. read more
Briefs: NZ Govt borrows big, Board moves at Rabo Australia 15 May 2020 5:34AM James Fazzizno, new Rabo director Saying he is “not a fan of austerity”, New Zealand Finance Minister Grant Robertson announced nearly NZ$16 billion of new spending in yesterday’s Budget, part of a n.. read more
Westpac NZ outage results in review 13 May 2020 5:58AM After an outage lasting more than ten hours, Westpac NZ is to launch a review of its online banking and card payments systems. read more
Bin Aweidha confirms to Banking Day that World Investments plans to go ahead with Xinja funding 12 May 2020 6:22AM World Investments CEO Zayed Bin Aweidha confirms the planned investment in Xinja Bank is happening. read more
Briefs: PayPal dobs itself in to Austrac, Aust Finance Group adds Granite 08 May 2020 6:30AM Briefs: PayPal dobs itself in to Austrac, Aust Finance Group adds Granite read more