A former banking boss breached duties owed to a consultancy firm he helped set up, profited at its expense, and is now liable to it for more than $1 million.

The New Zealand government's banking services are up for tender for the first time in more than two decades.

Tim Draper has been identified as the winning bidder for a cache of 29,656 bitcoins seized from the Silk Road website and auctioned off by the US govt.

France's BNP Paribas has pleaded guilty to concealing billions of dollars in transactions for clients in Sudan, Iran and Cuba in violation of US sanctions.

Reverse equity mortgages are increasingly tempting to retired Aucklanders who have houses soaring in value, but little cash.

Australia is forecast to be among the fastest-growing economies this year, making it harder for the central bank to convince currency investors it won't raise interest rates.

The Kiwi dollar touched a two-month high overnight, approaching 87.50 US cents, after a measure of Chinese manufacturing was stronger than expected

Morningstar has released a bearish analysis of giant landlord Kiwi Income Property Trust.