Latest from Banking

Thieving banker went undetected for nine years

The <i>Herald</i> can reveal that the largest employee theft in NZ history - of nearly $18m - was discovered by a fluke.

Bank catches analysts on hop with hold on interest rates

Banker admits $18m fraud charges

A former ASB Bank investment banker has pleaded guilty to fraud charges involving nearly $18 million.

<i>Currency: </i> Kiwi dollar bounces overnight

<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.

Staying the course

New bank rules could keep rate hikes to a minimum: Bollard

Fonterra raises $270 million from its farmers

Fonterra says around one third of its farmer shareholders have spent $270.7 million buying up new shares in the co-operative.

<i>Dollar Outlook:</i> Kiwi may hold above US70c as OCR, Aust CPI loom

Fonterra share takeup to be unveiled today

Bollard may hold to mid-year timing for OCR hike, start in April

Reserve Bank Governor Alan Bollard will probably wait until at least April before raising interest rates, though officially he may stick to his hinting at a mid-year hike this week.

Kiwi dollar keeps sliding

The New Zealand dollar continued to fall against the greenback after US markets felt the impact of moves by US President Barack Obama to curb bank risk-taking which would in turn hit banks' profits.

Banks fight back against 'skimming'

Bonus Bonds : odds against a pot of gold

Kiwi dollar keeps falling