Latest from Banking and finance
UBS to pay $1.5b for rate-rigging
Swiss banking giant UBS has agreed to pay $1.5b in fines for its role in trying to manipulate the key LIBOR interest rate.
Loan companies in super hero stoush
Two personal finance companies - one of which charges over 500 per cent interest a year if loans are not paid back in two weeks - are in a High Court stoush over a super hero logo.
C + M appeal decision anticipated
Legal circles are keenly anticipating a decision expected this week on the appeal of three Capital + Merchant directors.
Oz firms feeling Christmas spirit, bank survey reveals
Optimism among mid-sized Australian businesses has hit record highs in the lead-up to Christmas, a quarterly survey has found.
ANZ sells eftpos business
ANZ New Zealand - the country's biggest bank - has sold its eftpos terminal leasing unit, EFTPOS New Zealand, for an undisclosed sum.
GDP growth has likely slowed
A slowdown from the first half of the year is expected when economic growth figures for the September quarter come out on Thursday.
Crown readies C+M appeal
Crown prosecutors are trying to appeal against the acquittal of two Capital + Merchant directors and appeared in Auckland yesterday as part of their bid to get the courts to take another look at the case.
Investors face long wait for new protection
A much-anticipated overhaul of securities law won't kick in until 2016.
NZ dollar rises to 16-month high on TWI
The kiwi dollar climbed to a 16-month high on a trade-weighted basis after investors piled into currency after the Reserve Bank governor's statement yesterday.
Madoff whistleblower to speak in NZ (+video)
A visit to New Zealand by the man who blew the whistle on Bernie Madoff is "timely", says the SFO's acting chief executive.