Latest from Financial Services

Too hot to handle?

Homeowners look set to enjoy further interest rate cuts, with a broker tipping historic lows within 12 months.

Jailed director serves half of sentence

A former Bridgecorp director is due to be released from prison less than three years into his six year, nine month sentence.

Affordable homes: Best & worst regions

Mortgage payments for Auckland's most affordable homes are costing first-time buyers nearly half their take-home pay each week, a new report shows.

Salt Funds to manage $690m of AMP portfolios

Former FBI official joins Wynyard board

Huge savings with mortgage deals

Shopping around for a mortgage could save New Zealanders up to $28,500 over the lifetime of a loan, according to a new survey of home lending.

Numbers rule court on day 7

Day seven in the murder trial of Mark Lundy - the Palmerston North sink salesman accused of killing his wife and daughter in appalling circumstances with an axe or something similar

S&P ends legal woes paying $1.5b fine

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.

Air NZ sales process faces probe

Air New Zealand is being investigated over possible misleading or deceptive conduct in the way it sells insurance with air fares.

Marac wins judgment against insurer

Loan scheme to knock out 'loan sharks'

Almost 1 million families will be eligible for low- and no-interest loans under a new Government-backed scheme aimed at saving low-income families from "loan sharks".

Michael Littlewood: Fair tax for savers? Unfair for everyone else.

Would a 'Banker's Oath' tame some financiers?

A British organisation has released a report titled "Virtuous Banking", which offers suggestions for reforming the financial industry.

Can't save? Blame genes

We all know that we should save to ensure our golden years really do turn out to be what the name suggests but why do we find it so hard to do so?

KiwiSaver industry group says law firm has got it wrong

KiwiSaver over-taxation claim doesn't stack up, law firm

Savers warned to check KiwiSaver fees

KiwiSaver members should pay close attention to how much their providers are charging, a global research firm has warned.

Even yakuza can't stop investors hunting for yield

The Japanese consumer lender at the centre of a scandal over loans to gangsters that engulfed Mizuho Financial Group sold debt at about a fifth of the premium global companies pay, as investors search for yield.