Latest from Banking and finance

ASB, Vodafone hit for millions after power price spike
Soaring wholesale power prices last week have prompted complaints from 14 organisations, including ASB bank, Telecom, Vodafone and the owner of the Marsden Point oil refinery.

<i>Inside Money :</i> As KiwiSavers holiday, Tower goes out to play
I haven't seen any research on the reasons why people are choosing to take some time off KiwiSaving but I reckon the answers would be obvious.

Liddell resigns from GM - won't rule out Fonterra job
Kiwi high flyer Chris Liddell is stepping down as chief financial officer at GM, and isn't ruling out a tilt at Fonterra's top job.

Hubbard firm has lost $7m: managers
Hubbard Management Funds, Allan and Jean Hubbard's businesses in statutory management, lost $7.1m from September 30 to the end of January.

Westpac runaway returns to NZ, arrested
A woman who allegedly left New Zealand with her Chinese partner when Westpac mistakenly put $10 million into his account in 2009 has been arrested at Auckland International Airport.