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"It is not a perfect measure, but it suggests residential property investor activity could have halved over the last decade."

by Greg Ninness

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"ESAS 'allows approved non-bank entities to settle payments directly in risk-free central bank money without using a commercial bank as an intermediary,' the RBNZ's Steve Gordon says."

by Gareth Vaughan

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Banking & finance briefs

Banking & finance briefs: Four dates for May Wang, one sided Lombard hearing

17th Jun 10, 2:59pm

by Gareth Vaughan

Banking & finance briefs: Four dates for May Wang, one sided Lombard hearing

Banking & finance briefs

Banking & finance briefs: NAB's renewed Axa push, Westpac's kickboxer

1st Jun 10, 11:09am

by Gareth Vaughan

Banking & finance briefs: NAB's renewed Axa push, Westpac's kickboxer

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One of the saddest lessons of history is this: If we've been bamboozled long enough, we tend to reject any evidence of the bamboozle. We're no longer interested in finding out the truth. The bamboozle has captured us. It's simply too painful to acknowledge, even to ourselves, that we've been taken. Once you give a charlatan power over you, you almost never get it back.

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