Latest from Wall St Meltdown

Kiwibank gets 40pc of new mortgage value in June quarter

Kiwibank accounted for 40 per cent of new residential mortgages written by the major banks in the June quarter.

<i>Geoff Hardy</i>: Dropping into red brings out managers' true colours

Recessions test ethics and morality.

NZ banks ready for tough new rules

Hypo to get another $70b

US to vote on tough financial laws

<i>Bernard Hickey:</i> Kiwis, count your blessings

There are 10 reasons to be cheerful after two weeks of gloom. They are also an antidote for those who say I am a permanent harbinger of doom.

<i>Brian Fallow</i>: Tough grind in new world order

<i>Gareth Morgan:</i> Too big to fail Kiwi style

The panic to bail out SCF reveals cracks in the economy, writes Gareth Morgan.

<i>Susan Easton:</i> Banks feeling whip as govts drive down taxpayer risk

A climate of reform will put the squeeze on the industry's profitability for some time, writes Susan Easton.

Strategic deficit $195m, and it may get worse

UK economists have cause to be cheerful

A list of seven reasons why the suits in the City of London should be full of optimism.

<i>Damien Grant:</i> Wily fox snaps up his chance

Split brews before Jackson Hole talks

<i>Liam Dann</i>: Recovering, despite symptoms

'Smiling assassin' targets rich immigrants

At Merrill Lynch in 1998, the ever-cheerful John Key was nicknamed "the smiling assassin" after he fired some 50 members of his team.

<i>Christopher Worthington:</i> Role of debt overstated in finance crisis

The deleveraging story may be completely back to front. The problem is not too much debt, but not enough of the good stuff.