Latest RBNZ Dashboard data shows New Zealand's banks' profits easing
Today's updated RBNZ Financial Strength Dashboard shows that New Zealand's largest banks are feeling the pressure of what looks like a cooling economy.
Profits at the end of the first quarter are down, the Cooperative Bank reported a loss, provisions are up, net interest income is down.
This is not great, because banks need profits to meet the higher cap…
Keep reading with a 7-day free trial
Subscribe to Capitalissues to keep reading this post and get 7 days of free access to the full post archives.