Latest from Banking and finance

Florida funder loaned $28.2m to Rotorua housing project

Liquidator expects no loss to customers.

'It will not be the end' – Gloriavale CEO responds to BNZ closing accounts

Govt declines request to put statutory manager in place to manage Gloriavale's finances.

Editorial: Govt's Kiwibank move a good step in the right direction

OPINION: Ultimately, a public listing may be needed for it to reach a competitive scale.

Opposition to multi-billion dollar Beachlands scheme settled

'Development process can now move forward with the next phase of planning.'

Jenée Tibshraeny: Government caution on Kiwibank capitalisation a win – for now

OPINION: Why seeking local private investment in Kiwibank is a win for the Govt – for now.

Gloriavale risks closure after court allows BNZ to shut its accounts

Two-year legal dispute over BNZ's bid to ditch Gloriavale ends.

Popularity of short term mortgage borrowing surges – at a cost

Nearly 90% of new mortgage lending in October was floating or fixed for a year or less.

Revolut applies for NZ banking licence

Fintech hopes licence will enable it to offer new products and enhance consumers' trust.

Retirement village dispute: Race, gender prejudice cited, residents lost

Fight over weekly fees charged by the operator had morphed into something else: decision

Matthew Hooton: Willis ready to take on banks to boost productivity

OPINION: Economic and fiscal forecasts demand more aggressive reform.

India’s copycat drugmakers gear up to offer cheaper weight-loss drugs

Financial Times: 'When the generics come in there will be a huge price war.'

Nike tries to get back in the race as sneaker sales gather pace

Financial Times: Athletic footwear thrives as consumers seek wider choice of brands.

Tech Insider: Start-up raises $12m for its new way of business banking

PLUS: One NZ gets 'cell tower-in-the-sky' green light, LinkedIn's new take on AI.

China to borrow more to shore up economy, boost banks

Financial Times: Minister of Finance Lan Fo'an gave few details on the amount of funding.

Better times ahead? NZ yield curve points to improved outlook

New Zealand's yield curve has continued to steepen after the RBNZ's rate cut this week.

‘Cutting leeks’: Beijing sparks a retail stock trading frenzy

Financial Times: Small investors have already been burnt by wild price swings.

US inflation fell to 2.4% in September

Financial Times: Figures for headline and core rates marginally surpass expectations.

Banks set date to introduce key anti-scam measure, reimbursement question still hanging

Watchdog says it's 'shameful' banks took so long to introduce confirmation of payee tech.