Bank dividends will be cut – even suspended.The chronic shortfall in capital around banking, in Australia and New Zealand, the RBNZ have finally called this out.How much capital is enough? Find out at the RBNZ website. read more
Financial institutions / Big five & fintech (2,235 items)
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Westpac's annual general meeting, held in Perth, was a mixture of contrition on the part of CEO Brian Hartzer and chairman Lindsay Maxted and passive aggressive behaviour from many shareholders who voted against remuneration packages for the c-suite. read more
Briefs: RBNZ needs more funding and announces new assistant governor, ANZ’s unwanted insurer delivers for the bank
Appearing before a select committee yesterday, the Reserve Bank of New Zealand executive team said the regulator was short 15 staff in its team that undertakes banking regulation. read more