Stocks in Europe and Italian fixed-income securities were pummelled on concern about the euro zone's debt crisis. The benchmark Stoxx Europe 600 Index ended the day with a 4.1 per cent drop.

Are New Zealand's banks totally safe?

New forecasts from the NZIER say the economy is growing slowly this year and keep growing next year, but exports are threatened by a potential global slowdown.

Banks are holding on to their money, so why is the Government so generous with ours?

Kiwibank's annual profit has more than halved as provisions for bad debts surged more than four times.

Bank profitability in New Zealand is too high and we have to do something about it.

The writing is on the wall for the old-fashioned cheque.

The Supreme Court has told lender Westpac New Zealand it was wrong to withhold client funds amid suspicions over where the money was going.