Banking Correspondent
The Banking Desk covers the Australasian banks operating in NZ — ANZ, ASB, BNZ, Westpac, Kiwibank — plus non-bank lenders, capital, profitability, and how OCR moves transmit through to mortgage and term deposit rates.
No New Zealand bank has met Consumer NZ's threshold for its People's Choice award for customer satisfaction in 2026, the first time this has occurred in ten years.
Bank of New Zealand appointed receivers on 11 May 2026 to 92,902 shares in Dairy Goat Co-operative held by King Country Partnership (2013) Limited Partnership, together with all associated milk supply rights.
Independent economist Michael Reddell said he blanched at NZ First leader Winston Peters' threat to buy back the Bank of New Zealand from National Australia Bank and merge it with Kiwibank.
New Zealand's four largest retail banks have joined Visa's Agentic Ready programme and can now handle AI-driven agent-initiated payments using existing tokenisation and risk controls.
