Financier's share from sale just a portion of $39m price - unless FMA gets it.

Travel guide publisher Jasons Travel Media, once led by MP Steven Joyce, has told its lenders to appoint a receiver as the company's financial position deteriorates.

Rob Everett, a UK-based regulatory consultant and former investment banker, has been named chief executive of the Financial Markets Authority, replacing Sean Hughes.

A successful building plan will result in a 10,000-home oversupply in Auckland, says NZIER.

Police asset freezing action against two jailed Capital + Merchant directors is unprecedented.

A High Court judge has made restraining orders over property linked to two jailed Capital + Merchant Finance directors, with the police looking to eventually seize the assets.

Competition is heating up in the $5.6b credit card market, with two major banks releasing new offers in the past week.

The construction industry has grown by 10,000 firms since 2002, a new Government report shows, but still lacks capacity to deal with current massive demand.

The boss of ANZ - the country's largest bank - received a pay rise of almost 14 per cent for the 2013 financial year, pushing his remuneration package over $4 million.

The man behind NZ's largest Ponzi scheme has been sentenced to 10 years and 10 months in jail - a punishment deemed too lenient by one of his victims.