Jenée TibshraenyWellington Business Editor·NZ Herald·5 Nov, 2026 02:46 AM4 mins to readNZ Herald Morning Headlines | Thursday, November 5, 2026. The unemployment rate rises to 5.7% and Donald Trump suffers a heavy defeat in the US midterms. Video / NZ HeraldThe Bank of New Zealand’s profitability dropped by 23% in the year to September, as it accounted for the need to replace its technology more frequently and some of its big business customers struggled to repay their loans in the face of higher energy costs. With demand for mortgages subdued,
BNZ profit falls 23% to $1.16b as technology costs and bad debts rise
Full Article
Original Source
Read the full article at Nzherald →KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.