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Tax avoidance bill pushes ASB to $10m first-half loss
ASB Bank has taken $209 million of a $264 million tax and interest bill from tax avoidance settlements onto its books.
Bank funding guarantee likely to be dropped
NZ looks likely to ditch the wholesale funding guarantee for banks soon, after the Australian Treasurer announced his country's version would end.
Kiwibank cuts mortgage rates
State-owned Kiwibank has cut its variable mortgage rate to 5.65 per cent.
NZ dollar touches new five-month low as US sheds more jobs
The New Zealand dollar touched a new five-month low of 68.17 US cents overnight.
High-flier flees to Australia
A young high-flier at the centre of an alleged multi-million dollar bank mortgage fraud sold his house and is believed to have fled to Australia.
Thieving banker went undetected for nine years
The Herald can reveal that the largest employee theft in NZ history - of nearly $18m - was discovered by a fluke.
Banker admits $18m fraud charges
A former ASB Bank investment banker has pleaded guilty to fraud charges involving nearly $18 million.
<i>Michael Lang:</i> Beware the lure of gold rush
As gold earns nothing and yields nothing, over the long term it does nothing more than preserve investors' capital from inflation.
Days of freedom for accused
A former Remuera investment banker who allegedly stole nearly $18 million from ASB Bank customers is enjoying what could be his last few days of freedom.