More than 3600 former Feltex shareholders are now opted into litigation against the carpet-maker's former directors and an updated list of claimants has been filed with the High Court.

Tomorrow is D-Day for the finance industry, particularly banks and most traditional financial institutions.

Q: Recently, it was reported that from July to August this year, banks will be able to repurpose a person's money in their savings account, for the bank's own needs. Could you give us more information?

Three more charges have been laid today against the alleged Ponzi-schemer David Ross.

Two jailed Capital+Merchant directors serving the longest jail terms given to failed finance company bosses to date have had their sentences extended this morning.

Precinct Properties New Zealand's $76 million ANZ Centre upgrade saw 22 office floors refurbished, making it the country's biggest building renovation.

Ireland's Parliament will open an investigation into the disastrous bailout of Anglo Irish Bank following newly disclosed recordings of telephone calls that show former directors conspiring to conceal the true scale of the bank's losses.

Dominion Finance and North South Finance directors Rick Bettle and Vance Arkinstall have pleaded guilty to five Securities Act charges in the High Court.

Markets across the region were further rattled yesterday as the Chinese stockmarket fell to its lowest level in four years.

Ongoing fallout from the US plan to easemoney printing policy and uncertainty in Asian markets are being blamed for a fall on the New Zealand share market.

Fair Play on Fees lawyer Andrew Hooker was talking tough as he filed the first documents in the case against ANZ bank at the High Court in Auckland today.

High-powered QC Bruce Gray has been appointed lead counsel in a lawsuit targeting penalty fees charged by New Zealand's biggest banks.

Australian shares have posted their largest one-day loss in two months as nervous investors looked to steep falls on Asian markets over fears of a credit crunch in China.

MediaWorks NZ, the broadcaster whose lenders look likely to seize control, narrowed its annual loss in 2012 after massive writedowns a year earlier.

The High Court hears bankrupt accountant Neill Williams knowingly participated "in the misappropriation of investor funds".

The beginning of the end may have begun for record-low mortgage rates in New Zealand.

The FMA is preparing to take action against two unnamed KiwiSaver issuers for making misleading statements in their offer documents.

Mighty River Power shares slumped to a new low of $2.23 this morning as the local stock exchange followed world markets down, reaching its lowest point in a month.

Wall Street has declined after Fed chairman Ben Bernanke said the central bank may begin tapering its US$85 billion-a-month bond-buying program later this year.

More than 4000 extra people have signed up overnight to join a legal bid to sue the banks over penalty fees after ANZ was named yesterday as the first target.

2 degrees has negotiated a $165 million credit facility from the Bank of New Zealand and is immediately handing over $120 million to clear a debt owed.