Latest from Financial Services

Solo mum forgoes food to pay for car loan after lender mistake

The woman was approved for a car loan that she couldn't afford.

'Treacherous trio of scams': Markets watchdog issues warning about Covid-19 exploitation

Scammers and fraudsters are exploiting the Covid-19 crisis and economic climate.

Derivatives trading firm hit with $770,000 fine

About $40.8m of the $50m in suspicious transactions related to deposits by two customers.

Disabled woman robbed of $10K by own caregiver in bank fraud

The victim's caregiver altered a withdrawal slip to remove money from woman's account.

Sharesies formally warned for anti-money laundering law failures

The investing platform is cooperating with the regulator to meet its legal obligations.

All Blacks logo used by fake Canadian bank in suspected scam

In a global game of whack-a-mole there's little authorities can do but warn against scams.

Business Hub: Laybuy founder on going from a big retail boss to a start-up entrepreneur

He started Laybuy with just his family and now has 100 employees in just four years.

NZ's largest life insurer faces $700,000 fine for misleading customers

AIA's behaviour exacerbated and prolonged the harm to vulnerable customers, watchdog says.

Abuse of NZ shell companies and trusts highlighted in global report

Sectors like banking and real estate were identified for potential vulnerability.

Markets watchdog warns fund managers about advertising phenomenal investment returns

Promoting gains without context can be misleading.

Business Hub: FMA official watching for banks behaving badly

Bolingford will use her experience handling UK banks during the GFC.

ANZ fined $280,000 for misleading credit card insurance policies

"ANZ simply was not looking or looking adequately in the right places."

Derivatives firm director a 'gun for hire', says FMA

Pegasus Markets was earlier fined $200,000 for the breaches.

Chief Ombudsman 'pre-determined' his decision - High Court

Emails to Trevor Mallard 'exposed the Chief Ombudsman's real view', says judge.

ANZ credit card insurance breaches go back decades - court told

"It took time to chase rabbits down holes and identify what had gone wrong."

GameStop soars again; Wall Street bends under pressure

GameStop has been on a stupefying 1,600 per cent run over the last three weeks.