Banking and financeBank fee lawsuit hires top QCHigh-powered QC Bruce Gray has been appointed lead counsel in a lawsuit targeting penalty fees charged by New Zealand's biggest banks.24 Jun 09:45 PM
Banking and finance32,000 join bank fee lawsuitA lawsuit claiming the ANZ Bank charged "excessive" penalty fees is to be filed in the High Court at Auckland today.24 Jun 05:30 PM
Banking and financeOz market slumps over China credit crunch fearAustralian shares have posted their largest one-day loss in two months as nervous investors looked to steep falls on Asian markets over fears of a credit crunch in China.24 Jun 05:30 PM
BDBDBanking and financeMediaWorks narrows loss to $90mMediaWorks NZ, the broadcaster whose lenders look likely to seize control, narrowed its annual loss in 2012 after massive writedowns a year earlier.24 Jun 02:30 AM
Banking and financeFixed rate may spell end of mortgagesThe beginning of the end may have begun for record-low mortgage rates in New Zealand.21 Jun 05:30 PM
BDBDAged careFMA lines up two KiwiSaver fundsThe FMA is preparing to take action against two unnamed KiwiSaver issuers for making misleading statements in their offer documents.21 Jun 01:00 AM
BDBDBanking and financeNew low for MRP sharesMighty River Power shares slumped to a new low of $2.23 this morning as the local stock exchange followed world markets down, reaching its lowest point in a month.20 Jun 11:50 PM
BDBDBanking and financeWorld shares, bonds drop on Fed taper newsWall Street has declined after Fed chairman Ben Bernanke said the central bank may begin tapering its US$85 billion-a-month bond-buying program later this year.19 Jun 07:45 PM
Banking and financeBank suit gets 4000 new sign-upsMore than 4000 extra people have signed up overnight to join a legal bid to sue the banks over penalty fees after ANZ was named yesterday as the first target.19 Jun 03:05 AM
Banking and finance$165m BNZ facility boost for 2degrees2 degrees has negotiated a $165 million credit facility from the Bank of New Zealand and is immediately handing over $120 million to clear a debt owed.18 Jun 05:30 PM
OpinionGareth Morgan: Reserve Bank solution misses the pointThe Reserve Bank has announced it will lift the ratio of deposits to loans in order to take the heat out of the housing market, writes Gareth Morgan.18 Jun 05:30 PM
Banking and financeANZ exec confident bank in the clearANZ 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.18 Jun 05:30 PM
Banking and financeBank law suit 'matter of principle'For Ivor de Menefy it's not about the money, it's a matter of principle.18 Jun 05:30 PM
Banking and financeANZ Bank first to court in fee caseThe New Zealand Bankers' Association expects a legal case claiming the ANZ charged its customers unfair penalty fees will be vigorously defended.18 Jun 03:55 AM
Banking and financeFirst bank to be named in fees lawsuitThe first bank to be taken to court in a law suit targeting "unfair" default fees is to be named today.17 Jun 10:20 PM
Banking and financeFirst-home buyers backed by PMThe Prime Minister John Key believes first-home buyers should be exempt from proposed restrictions to low-deposit home lending.17 Jun 05:30 PM
Aged careSurge in May KiwiSaver sign-upsThe number of people signing up to KiwiSaver surged by more than 21,000 last month - the most it has grown by in a single month in over 18 months.17 Jun 05:30 PM
Banking and financeIRD likely to lose in MediaWorks dealNew owners for MediaWorks have been trying to renegotiate a Fox TV deal that provides top shows like <i>Homeland, Family Guy</i> and <i>Bones</i>.17 Jun 05:30 PM
Banking and financeTaxpayers may cover MediaWorks billTaxpayers may wind up covering for MediaWorks again with a restructuring deal that could free them from a potential $22 million obligation to the IRD.17 Jun 01:55 AM
Banking and financeMediaworks: 'It's business as usual'New Zealand television audiences should not be worried about losing popular shows like X Factor and The GC, say the receivers of MediaWorks.17 Jun 12:30 AM
OpinionJohn DrinnanJohn Drinnan: Why receivership for TV3?As TV3 and MediaWorks heads into another period of upheaval the question is why its bankers used receivership to restructure the firm.16 Jun 10:30 PM
Banking and financeDebt weighing down dairy sectorNew Zealand's dairy sector debt nearly tripled over the past decade to $30.5 billion last year and some farmers will have difficulty servicing their loans in the year ahead.16 Jun 05:30 PM
Banking and financeWynyard price could start lowMarket players are expecting Wynyard Group to be priced towards the lower end of its $1.10 to $1.65 range in its book build tomorrow.16 Jun 05:30 PM
Banking and financeNZ dollar falls after OCR review (+video)The Reserve Bank has kept its official cash rate unchanged at 2.5 per cent at today's monetary policy statement.13 Jun 12:10 AM
