S&P will pay more than a year's profit to settle suits that it inflated ratings on subprime-mortgage bonds at the centre of the 2008 financial crisis.

Reserve Bank governor Graeme Wheeler has hosed down speculation he is minded to cut the official cash rate any time soon, say economists.

Reserve Bank governor Graeme Wheeler today raised the risk of a "sharp correction" in the Auckland housing market.

New Westpac boss Brian Hartzer has stamped his authority in his first day as chief executive of the Australian banking group.

David McLean, the newly appointed boss of Westpac New Zealand, says he has landed his "dream job".

The Reserve Bank has explicitly acknowledged its next interest rate move could be either up or down, thereby giving the financial markets a green light to price in a cut.

Reserve Bank Governor Graeme Wheeler has left the official cash rate unchanged this morning at 3.5 per cent, and says that won't change for a while.

The liquidators of a New Zealand bitcoin trading platform will soon be able to make a claim for $23 million worth of the digital currency that was being held with a now-bankrupt Japanese exchange.

NZIER's monetary policy shadow board believes the Reserve Bank should leave the official cash rate on hold at 3.5 per cent tomorrow but that the next best option would be a cut.

New Zealand's super-rich were found liable for an extra $77 million of tax in the last financial year.

National Australia Bank customers seeking to reclaim "unfairly charged" exception fees have to register today.

The prospect of further rises in the Reserve Bank's official cash rate has disappeared over the horizon.

The liquidators of fraudster Jacqui Bradley's failed business are mulling whether to try to claw back $2 million from eight investors who were paid out before her Ponzi scheme folded.

More interest rates have been cut following a week of competition by the country's biggest banks to attract house hunters and mortgage holders.

Global Brokers NZ has so far returned more than half of its clients' funds, says the Financial Markets Authority.

Three more banks have cut interest rates in a fight to attract customers. But are some customers being unfairly stung by refinancing fees?

Banks will need to "reinvent themselves" if they want to keep increasing shareholder returns, according to a new report.

Financial markets will this week find whether the Swiss National Bank's fears were well-founded when the European Central Bank announces its plan to revive economic growth.

A natural outcome of a market economy must be inequality of incomes. They are a necessary and desirable outcome, writes Peter Lyons.

Mega-miners BHP Billiton and Rio Tinto are expected to announce more record iron ore production this week despite the commodity's price dive.

Global fallout from the shock decision by Switzerland's move to remove the cap on the franc has widened with more traders and hedge funds closing or facing escalating losses.

Keeping up with the progress of the global economy is becoming a fiendishly complex sport, writes Liam Dann.

The European Central Bank is set to unveil a programme of mass bond buying next week to save the eurozone from deflation.

Fallout from the Swiss central bank's surprise move to ditch the franc's cap against the euro spread to Queen St yesterday, with an Auckland-based currency brokerage announcing it was shutting down....

Switzerland's central bank has dropped a bombshell on foreign exchange markets by withdrawing its currency peg against the euro, driving the Swiss franc sharply higher and pushing other currencies,....