The Reserve Bank has announced it will lift the ratio of deposits to loans in order to take the heat out of the housing market, writes Gareth Morgan.

ANZ head of retail banking Kerri Thompson says she is confident the bank will "come out in the clear" in a legal case claiming it has charged excessive penalty fees to customers.

For Ivor de Menefy it's not about the money, it's a matter of principle.

The New Zealand Bankers' Association expects a legal case claiming the ANZ charged its customers unfair penalty fees will be vigorously defended.

The first bank to be taken to court in a law suit targeting "unfair" default fees is to be named today.

The Prime Minister John Key believes first-home buyers should be exempt from proposed restrictions to low-deposit home lending.

Taxpayers may wind up covering for MediaWorks again with a restructuring deal that could free them from a potential $22 million obligation to the IRD.

New Zealand television audiences should not be worried about losing popular shows like X Factor and The GC, say the receivers of MediaWorks.

As TV3 and MediaWorks heads into another period of upheaval the question is why its bankers used receivership to restructure the firm.

Market players are expecting Wynyard Group to be priced towards the lower end of its $1.10 to $1.65 range in its book build tomorrow.

New Zealand's dairy sector debt nearly tripled over the past decade to $30.5 billion last year and some farmers will have difficulty servicing their loans in the year ahead.

Next time you give your credit card some exercise, ask yourself if you're behaving logically. You're probably not.

Former Dominion Finance directors Robert Barry Whale and Ann Butler have both been sentenced to terms of home detention in the High Court in Auckland today.

Many New Zealanders are failing to their knowledge of money matters into action, according to a survey.

The Reserve Bank has kept its official cash rate unchanged at 2.5 per cent at today's monetary policy statement.

The Serious Fraud Office has laid charges against financial adviser David Ross, who is alleged to have operated a $400 million Ponzi scheme.

Two former Dominion Finance directors accused of misleading investors are applying to be discharged from the case.

The aim of balancing the books to reduce government debt ignores a fundamental lesson from the GFC, writes Peter Lyons.

New Zealand's credit unions have had an early Christmas present after the Government changed the law clearing the way for all financial advisers to provide advice.

The former Lombard directors, including Sir Douglas Graham, are heading to the Supreme Court over their convictions for making false statements in a prospectus.

Jailed National Finance director Trevor Ludlow will remain behind bars after the Court of Appeal rejected his appeal against his sentence.

Divisions are emerging over who should pay for the KiwiSaver employer's contribution.