Emerging economies are reshaping globalisation.
New Zealand's third-largest bank has revealed it's considering selling off its Kiwi business.
It rings alarm bells for one expert.
It comes after the Reserve Bank raised concerns about its risk governance processes.
The Reserve Bank has released its statistics for February.
The Reserve Bank (RBNZ) has ordered Westpac New Zealand to hold more cash.
For many years banks have been pulling out of small towns, blaming a lack of foot traffic and profitability.
"It's that continuing loss of services right across the spectrum in rural New Zealand."
Returns might still end up negative, thanks to inflation.
"A corrupt and failing financial system robs the poor and deprives the whole world."
The profits of the country's banks have fallen by more than a quarter over the past year amid the COVID-19 pandemic.
If they don't make it through the process before lending restrictions return they'll have to stump up twice the cash.
The bank - one of the world's biggest - had intended to send just $10.8m in interest payments.
"We believe that this movement to a cheque-less New Zealand has come too soon for many."
But for some of them the party's about to end.
Cash is changing hands less frequently than ever before.
The arrest was made as part of Strike Force Kerribee investigating an alleged crime syndicate.
"Policymakers and the public both need to be willing to accept.. gradual real house price declines."
Work will wrap up for the majority of Kiwis this week - but that doesn't mean we should go splashing too much cash.
The Commerce Commission says it's likely BNZ failed to meet lending and disclosure obligations.
COVID-19 has accelerated the trend of customers banking digitally.
Advance NZ's post-election break-up with the NZ Public Party has been far from amicable.
"The information should not have been communicated."
Affected customers eligible for repayments will be contacted directly by the bank.
However RBNZ urged banks to put aside more capital.
"I wonder if this will affect everyone helping those suffering?"
He has been ordered to keep seeing his psychologist.
Nearly 11,000 Kiwis missed their mortgage repayment at the beginning of August.
Everyone in the sector will be paid at least $21.15 per hour.
Multiple people have reported money was taken out of their bank accounts.