Latest from Banking and finance

More banks slash loan rates
Two of New Zealand's biggest lenders have slashed mortgage interest rates, giving impetus to price rise expectations in the hot housing market.

Rod Petricevic denied parole again
Jailed Bridgecorp boss Rod Petricevic has been denied parole again as he appears to have failed to come to grips with the true nature of his offending.

China's massive and unsustainable debt increase
Having chugged along through the financial crisis, China's huge expansion in debt now threatens to destabilise the economy.

Dollar has Aussie in sight
The NZ dollar has edged closer to its record against the Australian dollar overnight - briefly touching 96.29 Australian cents this morning.

Stock Takes: FMA 'judgment calls' in spotlight
The probe into suspected dodgy trading at Milford Asset Management highlights the awkward situation the Financial Markets Authority faces when its investigations become common knowledge within the....

IRD keeps mum on Swiss tax bills
New Zealanders who savoured the privacy of their Swiss HSBC bank accounts will continue to enjoy it from Inland Revenue, which won't reveal whether information from leaked files lifted any locals' tax bills.

Good start to year, traffic index shows
The economy was still on a roll as it started 2015, ANZ's Truckometer indicator suggests.

Fran O'Sullivan: Watchdog needs to be open about probe
Financial Markets Authority boss Rob Everett should simply tell the market exactly what its probe into alleged market manipulation at one of the country's highest profile funds manager entails.

Super Fund keeps eye on probe
The New Zealand Superannuation Fund says it will keep a close eye on the outcome of a regulatory investigation into Milford Asset Management.

Jailed finance company lawyer appeals
An ex-North Island mayor who did legal work for failed finance company Belgrave is appealing his four year sentence.

NZ link to leaked HSBC files
One HSBC client with links to New Zealand had up to $67.83 million with its Swiss private banking arm, according to leaked files.

Major fund manager confirms probe
A high-profile fund manager has confirmed it is being investigated by the Financial Markets Authority over alleged market manipulation.

A tale of two SkyCities on cards
Auckland could boost SkyCity Entertainment Group's half-year result issued on Wednesday but Adelaide could drag it down.

Liam Dann: Market integrity depends on investor confidence
Speculation that a leading player in the funds management sector is facing a FMA investigation for market manipulation is concerning if true, writes Liam Dann.

Sharebroker hails signs of crackdown
There is growing speculation that the Financial Markets Authority is investigating a high-profile local fund manager over alleged market manipulation.

Mortgage wars: TSB's offer
A New Zealand bank has announced what is believed to be a first for the country - a 10-year fixed-rate home loan.

FMA investigates fund manager
The Financial Markets Authority is investigating a local fund manager over suspected market manipulation, according to sources.

S&P ends legal woes paying $1.5b fine
S&P will pay more than a year's profit to settle suits that it inflated ratings on subprime-mortgage bonds at the centre of the 2008 financial crisis.

Reserve Bank boss cools talk of rate cut
Reserve Bank governor Graeme Wheeler has hosed down speculation he is minded to cut the official cash rate any time soon, say economists.

Reserve chief's house price warning
Reserve Bank governor Graeme Wheeler today raised the risk of a "sharp correction" in the Auckland housing market.

ASB misled court in 'half-truth case'
Two fraud victims’ $3.8 million lawsuit against ASB can go ahead without the pair needing to pay $60,000 upfront after a judge found the bank had misled the court.

Fran O'Sullivan: Westpac sees light as Kiwi boss gets nod
Westpac NZ's high-powered directors flexed their muscles - ever so diplomatically - to ensure the appointment of Kiwi David McLean as the bank's new chief executive.