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Dairy prices fall another -6.0% in Fonterra auction, led by declines in SMP, WMP and butter; average price down to US$2,787

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Simon Power

Westpac NZ CEO Peter Clare resigns

CEO Peter Clare leaving Westpac NZ following a medical procedure; David McLean acting CEO; Simon Power a contender as permanent successor? 

'Huge' consumer credit law shake-up

Lenders face duty of care, borrowers more questions and potentially credit tap being turned off, in new anti loan shark law

'Nats milked Solid Energy for cash'

Labour's David Shearer goes on the attack over troubled Solid Energy, says Govt wanted the SOE to increase debt so it could ramp up dividends

Class action law still on backburner

Three years after predecessor Simon Power looked at same issue, Justice Minister Judith Collins in no rush to pass legislation allowing proper class actions

More power for Simon Power at Westpac

Westpac NZ says its mortgage growth remains below overall market levels, is continuing cross selling push; End to net interest margin growth called

Short-termism will be the debt of us

Amanda Morrall reports on a new survey showing young Kiwis suffering from short-sighted financial thinking and asks why we aren't doing more as a community to address it

How you too could have a NZ 'bank'

The entities peddling unregulated NZ offshore finance companies, some of which have been involved in illegal activities, tout their benefits & recommend their favourite banks

Company set up to stay easy

'Contentious' new rules requiring NZ-registered companies to have local agent to be subject of Parliamentary discussion, Commerce Minister Foss says

RBNZ issues 2 more warnings

John Key's unofficial financial services hub alive & well; RBNZ warns on 2 more offshore finance companies as 1 claims to operate in NZ

Bogus NZ-based 'bank' open for business

City Savings Bank, 'a bank with a small b,' sets up HQ on Queens (sic) St without RBNZ approval after registering as a company and financial services provider; RBNZ to 'make enquiries'