Latest from Banking and finance
Belgrave Finance director gets four years jail
Belgrave Finance director Stephen Smith has been sentenced to four years in jail.
Auckland house prices stall in May
Momentum in the Auckland property market appears to have stalled, with Barfoot and Thompson reporting another month of flat prices.
OECD urges NZ bank deposit insurance
The OECD is urging New Zealand to adopt a deposit insurance scheme to limit depositors' losses in the event of a bank failure.
Xero bosses cash in on triple-price stock
Xero chairman Sam Knowles and chief operating officer Alastair Grigg have cashed in some of their shares, which have more than tripled in price in the past 12 months.
TSB lifts net profit to $53.1m
TSB Bank lifted annual profit 11 per cent as rural and commercial lending rose faster than its traditional sector in household mortgages.
Sir Douglas Graham could lose title
Former Justice Minister Sir Douglas Graham may be stripped of his knighthood with the appeal against conviction of the Lombard directors dismissed today.
Aorangi investors paid out
Investors in two of Allan Hubbard's frozen businesses are getting another payout, their statutory managers said today.
Loans bonanza: Rates hit record low
Lenders are offering home-owners the lowest short-term bank mortgage rates in New Zealand history as they compete to lure customers before an expected rise next year.
'Dirty money' law: Firm action expected
Businesses which drag their heels or fail to comply with a new anti-money laundering and terrorism financing law should expect to face firm action, say regulators.
ANZ chief just getting started
David Hisco is not one for talking much about himself. Scan the internet and you will find scant personal details about the man who has headed up New Zealand's largest bank for the past 2 years.
Mary Holm: Borrowing can be good - or horrid
Heavily geared property investments can return more than shares, but they can also go badly wrong
$9m fraud: Seven charged
Two women and five men have been charged this morning over an alleged mortgage fraud scheme involving over $9 million.
Dominion Finance director pleads guilty
Dominion Finance director Robert Barry Whale has this morning pleaded guilty and been convicted on separate charges of misleading investors.
Aust coughs and Kiwis catch a cold
A softening Australian economy has forced several ASX-listed companies to downgrade their earnings prospects over the past month.