The number of mortgagee sales has jumped nationwide in the past quarter as worsening economic conditions and lower dairy payouts hit parts of provincial New Zealand.

The dollar consolidated overnight as comments from Federal Reserve officials kept expectations intact for a rate hike.

National Australia Bank has lifted its quarterly cash profit 9 per cent to A$1.75 billion after a fall in bad debts offset the effect of tough competition among lenders in Australia.

The case relates to a $199 million loan the New Zealand national pension fund made, and has since written off.

Post-crash financial reforms have failed to mend the banking industry's defective culture and hence repair its reputation.

The kiwi may advance this week as traders have already priced in a weaker dairy sector.

The New Zealand dollar rose as high as 66.36 US cents due to volatile trading over the weekend.

International travel figures released support suspicion that the economy's potential growth has been cut by slower population growth.

The kiwi rose to 42.22 British pence ahead of the Bank of England's policy review on Thursday in London.

We've been talking a lot lately with our clients about "rebalancing". Some will say this sounds like finance industry jargon, and it is.

Nicknamed "rain man" for for his incredible recall, this is the story of Tom Hayes' nine-year Libor rigging saga.

The kiwi was hit by a double whammy as dairy prices fell and a report stoked speculation the Fed would hike interest rates.

A judge "sent a message" to the banking industry for its "dishonest and wrong" conduct after he sentenced a trader convicted of rigging the Libor rate to 14 years in prison.

An alleged associate of a New Zealand resident accused of trying to manipulate international banking rates has been jailed for 14 years.

The decline occurred ahead of the Reserve Bank of Australia's decision on interest rates today.

Top of the Lake film maker Jane Campion has directed an ANZ Bank film campaign highlighting gender wealth disparity.

The New Zealand Super Fund says it'll stick to a strong equities weighting following a five-year review.

Weak data on US employment costs prompted traders to pull back expectations for US interest rate hikes.

The dollar fell as the prospect of more easing by the Reserve Bank dented the appeal of the kiwi.

Turners, formerly known as Dorchester Pacific, has bought Southern Finance for $5 million, giving the finance company greater exposure in the South Island as it continues to expand its loan book.

Worrying stat comes as ANZ says it'll keep paying into its staff members' KiwiSaver accounts who go on parental leave.

The dollar has rallied after what the markets perceived as a more optimistic view of the economy from Reserve Bank Governor Graeme Wheeler.

The dollar rose on speculation Wheeler may soften his language about an easing bias, and after stocks rebounded.

The parked civil action against convicted directors of Capital+Merchant Finance has been dropped.

Just one year ago, it seemed unthinkable that officials in Wellington and Sydney, more typically known for their hawkishness and stubborn independence, would join the global race towards zero.

The kiwi dollar has risen to a six-and-a-half week high against the Aussie after a slump in Chinese equities markets.

A bust company that owes clients $7 million has been put into liquidation, with allegedly "fictitious" profits paid out by the Christchurch firm being targeted for possible clawback.