Three banks facing potential legal action from the competition watchdog over their sale of interest rate swap contracts to farmers say they will continue to co-operate with the commission.

The rampant house price inflation which has pushed the dream of home ownership out of reach for thousands of New Zealanders is probably over, says English.

National house prices rose $17,475 last month to reach a $425k median. But are falling sales numbers a sign that new loan rules are starting to bite? (with new infographic)

The construction sector has welcomed the Reserve Bank's decision to exempt new home builds from low deposit loan restrictions, but one economist has warned of the dangers of watering down the policy.

Reserve Bank home-loan cooling measures have driven business into mortgage brokers' hands, says Jeff Royle.

When it releases its monetary policy statement on Thursday the Reserve Bank is expected to turn up the volume on its warning that it is preparing to remove the support of ultra-low interest rates in place since the recession.

Auckland house prices rose at the rate of $677 a day in November, based on the average price increase from October to November.

A judge has ruled the US city of Detroit is eligible to shed billions in the largest public bankruptcy in the country's history.

Departing Financial Markets Authority boss Sean Hughes says regulation should not be a panacea for all ills but an inducement and encouragement for willing investors to participate.

Kiwis keen to sell off their homes continue to hold the upper hand in New Zealand's property market, despite a slight ease in the national asking price during November.

A sickness beneficiary who had more than $170,000 transferred into his bank account in error withdrew the money and spent the lot on Holdens.