NZCity NewsLinks -

All Links

25 Nov 2024

Search

Search continues after helicopter using thermal imaging fails to find missing elderly man
Late Monday night the Westpac helicopter searched over the area the man was last seen

Some Kiwis abroad dealing with ‘disconcerting’ Westpac banking outage
With five weeks left on their holiday and no access to their funds, one Kiwi family was left scrambling.

'There's still a lot of pain out there' - NZ economy remains chilly
Most of the country has been in the grip of an economic cold snap, but warmer conditions may be coming, according to a Westpac bank report.

Employment confidence declines to lowest level since first Covid lockdown
The Westpac McDermott Miller Employment Confidence Index fell 2.2 points to 89.2 in the September quarter - the lowest reading since the country was coming out of the first Covid lockdown in 2020.

Banks immediately jump on OCR reduction with their own cuts
Kiwibank, ASB, ANZ and Westpac moved quickly to pass on home loan rate cuts after the Reserve Bank’s decision.

Westpac cuts home loan interest rates - again
Westpac is lowering its home loan interest rates for the second time this month.

Westpac cuts home loan interest rates
Westpac is the first bank to move after the Reserve Bank changed its tone on the outlook for the official cash rate.

Another major bank scales back house price forecast
The Reserve Bank's "tough love" is having an impact on the market, Westpac says.

Westpac to close Windsor branch next month
The Invercargill closure will leave the bank with one branch in the city.

Westpac profits hit hard by economy
The bank's net profit is down by 11 percent on the period ended September 2023.

Profit squeeze on the cards for New Zealand's big four banks - rating agency
The country's subdued economy will be felt in the performance of ASB, ANZ, BNZ, and Westpac, Fitch Ratings says.

Westpac profit up 10% as lending steadies, bad debts fall
The bank also said losses from scams and frauds were lower than the year before, despite a 12 percent rise in cases reported.

Westpac says uptake of cut-rate loans for sustainable projects 'fantastic'
Property developers are taking advantage of cut-rate loans for investment in projects that meet sustainable development goals, Westpac NZ says.

Super-sized OCR cut increasingly likely - economists
All the major banks - ANZ, ASB, BNZ, Kiwibank and Westpac - are picking a 50 basis point cut on Wednesday.

Westpac apologises for notification error
Westpac One customers had received a string of numbers instead of a message due to an error.

Consumer confidence picks up, job security worries continue
The cost-of-living crisis continued to be a drag on retail spending, Westpac says.

Official cash rate tipped to hit 5 percent by year's end
Westpac has brought forward its cut forecast.

New Nelson building step towards city revitalisation
Tinline Property has unveiled its plans for 55 Bridge St, with Westpac moving in.

Record numbers leaving New Zealand, with more departing in May than arriving - StatsNZ
Westpac senior economist Michael Gordon says the numbers are prone to revisions and had to be treated with caution, but the trend is clear.

Don't delay interest rate relief too long - Westpac tells Reserve Bank
No need to wait for ideal conditions to cut interest rates and give households some relief, Westpac tells Reserve Bank.

Westpac's profit holds up in face of downturn in economy
The bank's net profit rose 11 percent in the six months ended March over the year earlier.

Two rescued after boat capsizes while crossing Manukau bar
A person on a jet ski managed to rescue one person, while the other was rescued by the Westpac Rescue Helicopter.