Latest from Banking and finance

House sales hit all-time low; Auckland prices plummet

Only 2759 NZ homes were sold last month and just 943 in Auckland.

What Big Oil’s bumper profits mean for the energy transition

Financial Times: Few expected the supermajors to help drive decarbonisation.

Receiver of Moola’s parent company expects sale of assets this month

If there isn't enough money to cover debt legal action may be considered.

Civil earthworks company that took Covid wage subsidy in liquidation, ASB owed $5.4m

Even the Government money wasn’t enough to keep it going so the owner called it quits.

Crypto is back with $475 billion frenzy

Financial Times: Bitcoin puts post-FTX collapse behind it with 40% rise so far in 2023.

Opinion: The paradox of financial conditions

Financial Times: A gap has emerged between the US central bank and its peers.

The Ex-Files: What happens to the home deposit, engagement ring if we split?

It's not a romantic topic, but if you're going to talk prenups, you may as well do it now.

The sheikh’s empire driving a meteoric stock market rise

Financial Times: Blurring of private sector, state and ruling family raises queries.

Prosecutors ask court to ban Sam Bankman-Fried from contacting FTX colleagues

Financial Times: Encrypted message allegation surfaces in FTX crypto scandal.

Cost to business 'enormous', banks offer victims help

"Hard times will be ahead."

Intel’s weak guidance and Morgan Stanley’s staff penalties

Financial Times: Morgan Stanley hits bankers with $1mn penalties for messaging breaches.

Westpac follows ASB and lifts home loan rates

Big bank will lift its short-term mortgage rates but lower its long-term ones.

Telecoms company backed by Russian billionaire Roman Abramovich sold for £1

Financial Times: The British telecoms company had been in limbo since March.

Zip’s shares tank amid fears it is in ‘cycle of death’

There are mounting concerns the buy now, pay later sector could be wiped out.

Airfare pain: Whopping surge in international prices

Latest CPI figures confirm travellers have suffered from eye-watering fares.

Finance sector urged to support customers through tougher economic times

Regulator says making sure there is assistance is a priority.