MP accuses banks of 'gouging' farmers
Bill English has defended banks against accusations from one of his own MPs that they are "gouging" customers with high overdraft rates, especially for farmers.
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The New Zealand dollar gained after a report proposed giving Greece two more years to meet budget targets.
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Banks again are offering big loans to property investors, but they come with a warning to those who assume they can leverage their way into high returns.
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Profits for New Zealand's four largest banks have soared to close to $3.5 billion for 2011/12 after Westpac yesterday revealed another record result.
Bridgecorp broke in 2006: PwC
Bridgecorp was insolvent from at least February 2006 - a year and a half before it collapsed, its receiver alleges in civil action against three former directors.
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ANZ betting on 'power of two'
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BNZ cash earnings see double digit jump
BNZ's cash earnings for the year have jumped 21.1 per cent, its parent company said today.
Kiwibank's rating downgraded
Homegrown lender Kiwibank could face an increase in its wholesale funding costs after being hit by a credit rating downgrade from Standard and Poor's.