The Commerce Commission has offered immunity from prosecution to a financial markets participant as part of an investigation.

The damage inflicted on US households by the collapse of the housing market and recession wasn't evenly distributed.

The city is showing worrying signs of being at the centre of the next financial crisis.

IDFC and Bandhan Financial Services have won the first licenses awarded in a decade to set up banks in Asia's third-largest economy.

Our big, Australian-owned banks are making more money out of New Zealand customers than those across the ditch - raising questions about whether Kiwi customers are being treated fairly.

NZ resident and former British banker Darrell Read faces more criminal proceedings, from Britain's Serious Fraud Office, for his part in an alleged international rates-rigging scheme.

The Bank of New Zealand has again proven to be something of a springboard, propelling its current chief executive, Andrew Thorburn, to the role of chief executive of the parent company, National Australia Bank, in Melbourne.

A "financial coaching" company which can avoid new mortgage-lending limits placed on banks is offering 100 per cent finance to families wanting to buy their first home.

The kiwi was the worst performing currency tracked by Reuters overnight, falling as low 85.45 US cents after rising as high as 87 cents earlier this week.

Homeowners could save more than $90,000 over the life of their mortgages by shopping around, according to an analysis of 95 floating home loans.

Australian business groups are urging the Reserve Bank to exercise caution before considering raising interest rates, given improving signs in the economy are not yet widespread.

The New Zealand dollar is overvalued by between 5 and 15 per cent, the International Monetary Fund reckons.

Kiwibank customers have until tonight to sign up to class-action style litigation over allegedly "unfair penalty" fees.

Commerce Minister Craig Foss has beefed up the number of KiwiSaver default providers that members are automatically enrolled into when they sign up.