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Latest from Banking and finance

Auckland Airport buys stake in Queensland airports
Auckland International Airport says it is spending $166m on a 24.55pc stake in the company that owns two airports in Queensland.

New head for South Canty Finance
A corporate 'fixer' has been appointed chief executive of under-pressure South Canterbury Finance.

Banks to pay taxman billions
NZ's big four Australian-owned banks and the IRD have announced a settlement of their disputes over structured finance deals.

Christmas spending down this year
The economists at Westpac have spotted a clear downward trend in expenditure on gifts.

Size of Allied headache revealed
Hanover investors back debt-for-equity deal but documents show big problems.

Watson settles debt to charity - 21 months late
A children's charity has waited almost two years for £600 ($1375) owed by Hanover Finance co-owner Eric Watson.