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Latest from Banking and finance

Fund frozen after FMA probe prompts rush for the door
Pyne Gould Corp subsidiary Perpetual Trust said it had placed its Mortgage Fund into moratorium.

NZ dollar hits record high vs euro
The New Zealand dollar rose has risen as high as 64.25 euro cents, its highest since the 17-nation currency entered circulation in 2002.

NZ dollar up against US
The New Zealand dollar rose after manufacturing data in the US unexpectedly shrank for the first time in three years.

Govt workers gloomiest in 6 years
New Zealand Government workers are the gloomiest about their own job security in at least six years, in the Westpac McDermott Miller Employment Confidence index.

First KiwiSaver funds to be released
17,500 people can now access their KiwiSaver retirement nest eggs.

Nathans reparations to receivers - not investors, says judge
Nearly $900,000 in reparations paid in by three convicted Nathans Finance directors will go to receivers, not investors misled, a judge has ruled today.