Latest from Banking and finance

Greece wins reprieve, decisions follow
Greek Prime Minister Alexis Tsipras began the task of selling domestically a provisional deal with eurozone partners to extend bailout funds after securing a reprieve.

Saver tactics worry watchdog
As the battle heats up for the KiwiSaver dollar, authorities are taking a closer look at the tactics being used to tempt investors.

Bernard Hickey: 10-year loan fast eclipsed
Like any successful politician, Prime Minister John Key knows a week is a long time in politics, writes Bernard Hickey.

Super Fund: Cash without borders
The $200 million lost by the New Zealand Superannuation Fund when a Portuguese bank collapsed was ultimately destined, at least in part, to go to a Chinese firm under a corruption cloud.

Kiwi dollar's new record against Aussie
The NZ dollar hit 97.07 Australian cents overnight with some analysts saying there is nothing to stop it pushing higher to parity.

Consumer confidence takes a dip
Consumer confidence has dipped this month, the ANZ-Roy Morgan survey found, though it remains higher than for most of the post-recession period.

Kiwi dollar touches new high against Oz
The NZ dollar has touched a fresh record against the Aussie, after Federal Reserve meeting minutes suggested officials may favour keeping US interest rates lower for longer.

Bank settlements top $24m
A probe into how three banks marketed interest rate swaps to farmers will see up to $24.2 million go back to rural customers and their communities, with Westpac following ANZ and ASB and settling with the Commerce Commission.

Fonterra expands in Netherlands
Fonterra Co-operative Group has commissioned a new dairy ingredients plant in Heerenveen, in the north of the Netherlands, its first wholly-owned and operated ingredients plant in Europe.

ANZ's Kiwi arm benefits from lending
Australia & New Zealand Banking Group says its New Zealand division performed strongly in the final three months of last year as cash profit slipped 0.2 per cent.

Hamish Fletcher: Out-of-court deals feel like a cop-out
Out-of-court settlements may be cheaper, quicker and more certain than seeing a case through - but they can often feel like a cop-out.

Brian Fallow: Retail sales reveal healthy pulse and savings rates also positive
As vital signs go, retail sales data for the last three months of 2014 were pretty healthy, writes Brian Fallow.

Drought adds urgency to irrigation plans
Drought throughout much of the South Island and dry conditions in parts of the North look set to add urgency to water storage and irrigation schemes.

Services sector hits six-month high
New Zealand's services sector activity rose to a six-month high in January as record inward migration boosted demand for housing, increasing the need for property-related services.

Receivers target bankrupt dying exec
The receivers of Belgrave Finance are trying to bankrupt the terminally ill property developer who controlled the company, despite doubts it'll yield money.

Lloyd's pays out $4.2b for NZ quakes
Global insurance giant Lloyd's has paid out $4.2 billion for the Canterbury earthquakes, expects to pay a further $1.6 billion and remains committed to New Zealand.

Retail sales help lift kiwi
The New Zealand dollar rose against its Australian counterpart yesterday as retail sales beat expectations.

Tales of financial infidelity
More than three-quarters of the people who had deceived a partner about money said it damaged the relationship.

Liam Dann: Big share prices require big earnings
How actual corporate earnings compare with the elevated heights at which many stocks are now trading will be fascinating to see, writes Liam Dann.

Banks issue caution over online fraud
Internet banking customers using a popular online payment system are being warned by banks that they might not be covered if fraud occurs.

Bank chief issues warning on Oz growth
Reserve Bank of Australia governor Glenn Stevens says the economy's growth will remain lower for longer and policy easing may be less effective than in the past.

Syndicate investors suffer $25m losses
Investors in nine property syndicates that have so far lost $25 million say related-party loans and mismanagement may have contributed to their financial woes.