Business Desk
Banks ‘welcome’ prospect of an inquiry
08/03/2023
“The industry would welcome the opportunity to discuss bank profits and the contribution banks make to support the New Zealand economy, households and businesses,” NZ Banking Association chief executive Roger Beaumont said.
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Newshub
Government wants levy to pay for new banking system
08/03/2023
“If you wanted to switch banks today you would simply go into the new bank and sign an authorisation form and all of that process would happen behind the scenes within five working days,” said Roger Beaumont of the New Zealand Banking Association.
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NZ Herald
Bank profits: Grant Robertson says select committee ill-equipped to conduct an inquiry
08/03/2023
“The industry would welcome the opportunity to discuss bank profits and the contribution banks make to support the New Zealand economy, households and businesses,” Beaumont said. “There’s also legislation in the pipeline to help people safely share their banking information with other service providers, which will support even more competition.”
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TVNZ
All parties keen for select committee banking inquiry except Labour
07/03/2023
“There’s also legislation in the pipeline to help people safely share their banking information with other service providers, which will support even more competition.”
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Newshub
Market study into banks on cards as Govt faces pressure to investigate eyewatering profits
07/03/2023
Banks are back under the microscope as the Government faces mounting pressure to investigate their eyewatering profits.
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Stuff
Bank profits ‘costing New Zealanders $2000 a year each’
03/03/2023
A spokesperson for the NZ Banking Association said it would be a matter for the government.
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NZ Herald
Should it take a regulatory change for banks to issue emergency finance?
27/02/2023
The New Zealand Banking Association in October submitted to the Ministry of Business, Innovation and Employment about introducing a permanent exemption to enable banks to provide customers with emergency credit in cases like natural disasters.
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Funding partnership supports financial mentors and their clients
26/02/2023
A report released today shows financial mentors and their clients are benefiting from a partnership between FinCap and the New Zealand Banking Association – Te Rangapū Pēke. The partnership, which is funded by NZBA’s member banks, provides $5 million over five years to fund initiatives that support financial mentoring for people in need. FinCap chief...
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Banks supporting communities hit by Cyclone Gabrielle
23/02/2023
New Zealand’s banks are offering a range of support to customers and communities affected by Cyclone Gabrielle, including making $1.4 billion available in low-cost lending and donating $6.5 million to disaster relief funds. “The impact of the Cyclone Gabrielle is devastating at every level. Banks are part of the communities that have been hit by...
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Stuff
Reserve Bank governor Adrian Orr calls for a more ‘just in case’ approach to resilience
22/02/2023
“ATMs need both power and an internet connection to function, which means a generator alone might not be enough to facilitate access to cash in an event like Cyclone Gabrielle.”
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