
Emergency cut to reassure stability of NZ banking system
The banking space will see further rapid changes this week in response to developments internationally. We are now in full-blown financial, as well as public health and economic crisis mode.
The banking space will see further rapid changes this week in response to developments internationally. We are now in full-blown financial, as well as public health and economic crisis mode.
Trump's travel ban on Europeans entering the US caught airlines, policymakers and travellers off guard. Coronavirus now poses a crisis-trifecta: Public health, economic and a financial crisis.
Things may get worse, before they get better, but Air New Zealand is a seasoned survivor. Following the Global Financial Crisis, the airline was one of the few to come through unscathed, remarkably remaining profitable even when the sky fell in for other airlines.