Latest from Banking and finance

Shutdown: Will the damage last?
It's going to take a lot more political bungling to do any permanent damage to America's reputation or wreck its financial markets.

FMA cancels medical firm's prospectus
NZ's market regulator has cancelled the allegedly misleading offer documents of a company that claimed it would use investor money to set up dialysis clinics.

ANZ builds up to 'super regional' role
In Shanghai's leafy Xintiandi there's a sight most Antipodean visitors would find very familiar.

Reserve Bank defends new loan limits
In a speech to the Property Council this morning the Reserve Bank's deputy governor has gone on a charm offensive over its LVR restrictions.

Oz home-loan approvals drop for first time this year
Australian home loan approvals have fallen for the first time this year, but economists expect the housing sector to strengthen in the months to come.

Kiwisaver: Saving past retirement?
Even if contributions from Govt or boss have stopped, KiwiSaver can help in managing retirement savings.

Former Dominion Finance director regains wine firm
Former finance company director Ann Butler - who was convicted this year of misleading investors - has regained control of a wine company after it emerged from receivership.

Westpac cuts pre-okayed mortgages
Westpac has confirmed it is withdrawing mortgage pre-approvals for some customers following the introduction of the Reserve Bank's new lending restrictions.

$8m debt: ANZ may chase pair
ANZ is weighing up whether to launch action in Korea to try to get $8 million from property investor Danny Chung and his wife.

Property prices jump $10k in September
National property prices rose by $10,000 in September, taking the median house price back to a record high reached earlier this year.

Kiwibank apologises after privacy breach
Kiwibank has apologised to all customers affected by a privacy breach at the Greymouth branch.

Truckometer flags bold growth
ANZ's Truckometer indicator is pointing to an economy with a lot of momentum.

QV reports lift in property values
New Zealand property values rose at an 8.4 per cent annual pace last month ahead of the introduction of low-equity home lending restrictions,