Top Goldman Sachs officials have defended their conduct in the financial crisis.

Yellow Pages Group, which owes its lenders about NZ$1.72bn, looks set to be put on the block for sale by its nervous banks.

Goldman Sachs has lifted the veil of secrecy surrounding its multibillion dollar trading in the mortgage market at the height of the credit crisis.

President outlines plans to slice up the banks, reduce profits and bring cheer to taxpayers

ANZ National can expect a 'significant shortfall' on the $26 million it's owed by ProvencoCadmus.

NZ banks granted 4438 home loans in the first quarter of this year, a 30 per cent drop on the same time last year.

The New Zealand dollar edged up against the greenback overnight, but remained largely within the US71c to US71.50c band where it has spent most of the time since Monday night.

Would-be housebuyers struggling to scrape together a deposit have a glimmer of hope, as banks appear to be loosening the purse strings.