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BANKING

storytag
Banking

UN panel calls for global banking reform, says tax havens are keeping billions in poverty

"A corrupt and failing financial system robs the poor and deprives the whole world."

banks
Banking

Bank profits shrink thanks to low interest rates, rising costs

The profits of the country's banks have fallen by more than a quarter over the past year amid the COVID-19 pandemic.

Related video: BNZ  announces closure of 38 branches.
Banking

BNZ let off likely responsible lending breaches with warning

The Commerce Commission says it's likely BNZ failed to meet lending and disclosure obligations.

Regional banking hubs like this one in Martinborough are facing criticism.
Banking

'A nightmare': Regional banking hubs face criticism as branches shut down around the country

Four of the hubs are being trialled, but not everyone is on board.

Watch: BNZ has announced the closure of 38 of it's branches.
Updated
Banking

BNZ to close 38 branches, most customers banking online

COVID-19 has accelerated the trend of customers banking digitally.

BNZ was named among a tangle involved in FinCEN leak.
Banking

Three NZ Banks named as complicit in money laundering

A BNZ spokesperson said the bank couldn't identify any concerns

Watch: These are the 'green fairies' illegally supplying weed to Kiwis with health problems.
Banking

Kiwibank to shut down 'green fairy's' bank account after awarding her 'local hero' medal

"I wonder if this will affect everyone helping those suffering?"

No jobs will be lost as a result of the closures, the bank says.
Banking

ASB Bank closing nine branches as dozens more move to three days a week

Dozens of other stores will move to three days a week.

Watch: Low-interest rates tempt homeowners to break fixed mortgages
Banking

Low-interest rates tempt homeowners to break fixed mortgages

But is the saving worth it in the short term?

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