High-powered QC Bruce Gray has been appointed lead counsel in a lawsuit targeting penalty fees charged by New Zealand's biggest banks.

A lawsuit claiming the ANZ Bank charged "excessive" penalty fees is to be filed in the High Court at Auckland today.

MediaWorks NZ, the broadcaster whose lenders look likely to seize control, narrowed its annual loss in 2012 after massive writedowns a year earlier.

ANZ head of retail banking Kerri Thompson says she is confident the bank will "come out in the clear" in a legal case claiming it has charged excessive penalty fees to customers.

ANZ, the country's largest bank, has today completed the sale of Eftpos New Zealand to global payments company VeriFone.

David Hisco is not one for talking much about himself. Scan the internet and you will find scant personal details about the man who has headed up New Zealand's largest bank for the past 2 years.

Businesses remain in a buoyant mood, ANZ's monthly business outlook survey found.

An Auckland banker faces a jail term after stealing nearly $1 million from his clients.

New Zealand consumers are more upbeat about buying big ticket items than they have been in five-and-a-half years.

One of New Zealand's biggest banks has scrambled to assess its security systems after handing out hundreds of dollars in counterfeit money.

A prospectus for the Mad Butcher's back door listing is expected to be out next week...

Concern mounting about drought: economist

ANZ New Zealand - the country's biggest bank - has sold its eftpos terminal leasing unit, EFTPOS New Zealand, for an undisclosed sum.