A jury has begun deciding the fate of the two Bear Stearns managers whose hedge funds imploded in 2007, marking the start of the financial crisis.

The consumers price index (CPI) rose 1.3 per cent in the latest September quarter, higher than analysts were expecting for a recession-hit economy.

Today's CPI figures show a broader and stronger inflation that you would expect in an economy enfeebled by a prolonged recession.

The number of houses sold in September rose 10 per cent, while prices increased 0.9 per cent.

The Reserve Bank has withdrawn several temporary crisis measures put in place last year to help ensure day-to-day liquidity.

One of New Zealand's most valuable art collections has been assembled in a room at the BNZ's new national headquarters in Auckland.

A raft of mortgage rate changes have been announced, affecting both the ANZ and National banks.

New Zealand escaped major damage during the recent global financial crisis, says the Reserve Bank in its Annual Report.

Westpac has lost its High Court challenge against Inland Revenue and has been ordered to pay almost $1 billion in back taxes.

Do you know this man? Police believe he has robbed two Wellington banks this week.

Westpac Bank faces a tax bill of close to $1 billion after losing one of New Zealand's largest ever tax avoidance cases.

Westpac has lost its $918m tax battle with Inland Revenue.