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August 2020

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Geoff Banks News

Newquay's Bank Street to lose last bank after more than 120 years

Mon 20th Jul 2020, 6:00pm

As financial firms flocked to it Newquay's Bank Street was born - but for the first time in more than 120 years there will soon be no banks left on it. It used to be "jam-packed", according to the ...

Reserve Bank says banks 'stepped up' during Covid-19 - despite slap from Government

Thu 30th Jul 2020, 6:00am

The Reserve Bank has finally delivered its verdict on bank behaviour during the early stages of the Covid-19 crisis and they are off the hook – for now. “Banks’ initial response to the Covid-induced ...

Banks shareholders will need to be patient: RBNZ

Thu 30th Jul 2020, 11:49pm

Shareholders trained to expect healthy capital returns and income payments will have to revise down their expectations as sector trends and orders to act as economic shock absorbers weigh on their ...

RBNZ praises banks' "strong" COVID response

Thu 30th Jul 2020, 6:00am

In today’s speech, Bascand said the banking sector’s response to the pandemic will have a “major influence” on New Zealand’s financial system over the next decade, and praised the sector for its ...

HSBC takes huge hit in profits of 65% due to coronavirus and interest rates

Mon 3rd Aug 2020, 2:07am

HSBC has suffered a 65% drop in pre-tax profit in the first half of the year as Europe’s largest bank was struck by a dive in interest rates and coronavirus disruption. The bank reported profits of 4.

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