BNZ has decided to appeal the $645m tax avoidance case it lost in the High Court last month.

The way Securities Commission chief executive Jane Diplock sees it, New Zealand's investor protection was way behind the rest of the world when she arrived. Since then, she says, there has been significant progress, but we are not there yet

Employee loses job after second mistake.

Westpac New Zealand looks likely to follow the BNZ in cutting unpopular but lucrative penalty fees.