Banks defend Covid-19 response after criticism they aren`t doing enough
(WorldNews New Zealand)

Large retail banks have come under fire for not doing enough to support those struggling financially during the Covid-19 lockdown. By Emma Hatton of rnz.co.nz Source: 1 NEWS Simplicity managing director Sam Stubbs said banks had blown the chance to show they really care. `We can`t see any gifts or donations for Covid-19 charities beyond $3 million, which is way less than one-10th of one per cent of their profits last year. `So the banks continue to trade in a way which indicates they`re way more interested in making money than fulfilling their social licence.` He said banks had been `disingenuous` about their generosity when it came to servicing mortgage deferrals. `They`ve really spun this...