Latest from Banking and finance

Business shows more confidence
Business confidence has rebounded in ANZ's monthly survey, the first since the general election.

Holding rate gets support from board
If the Reserve Bank leaves the official cash rate on hold at 3.5 per cent today it will be the right call, the NZIER's shadow monetary policy board believes.

Auditor flags reliance on bank
Pumpkin Patch auditor PwC says the former high-flying retailer may have difficulty continuing as a going concern if it is unable to comply with banking covenant agreements with its bank, the ANZ.

Taxpayer bill for SCF case nears $1.5m
The taxpayer's bill for the South Canterbury Finance prosecution could be nearing $1.5 million and might balloon if acquitted defendants push for costs.

Brian Fallow: Wealth gap goes mainstream
It is a sign that the times, they are a-changin' when leading central bankers, of all people, are publicly deploring prevailing levels of, and trends in, inequality.

Low CPI tipped to hold rate rise
Economists now expect the Reserve Bank to keep interest rates on hold until September next year after inflation in the September quarter proved even more benign than it had forecast.

BNZ boss backs efforts to clean up polluted waterways
BNZ chief executive Anthony Healy has thrown his weight behind efforts to clean up New Zealand's polluted waterways.

LVR policy dampened inflation - Wheeler
The Reserve Bank's introduction of limits to low-equity mortgage lending last year had "a dampening" impact on house price inflation, Graeme Wheeler said today.

FMA: Beware cold-callers
The Financial Markets Authority is sounding the alarm over cold-callers touting questionable foreign investment schemes to New Zealand consumers.

Wanted: Women for interest-free loans
A fund that lends money to women interest-free is in the unexpected position of not having enough borrowers.

Why the poor pay sky-high interest rates
An entire industry has grown around handing low-income earners a lifeline to the material rewards of middle-class life, but it comes at a hidden price.

Dollar rises against yen as global sentiment improves
The New Zealand dollar gained against the Japanese yen as improved US economic data bolstered sentiment on global growth.

Liam Dann: That old black October magic
The October curse once again struck Wall Street. Since the S&P 500 peaked at a record high on September 18, it has tumbled 6 per cent.

Bernard Hickey: Unseen risk of fiscal haircut
Do you think the money you have in a bank term deposit is Govt guaranteed? If so, you're wrong, but you're not alone, writes Bernard Hickey.

Editorial: Taxpayers hit again in SFO's flawed case
Justice Paul Heath's verdict in the South Canterbury Finance trial clearly represented a sharp rebuke for the Serious Fraud Office.