Big banks stand by for credit ratings news
Standard & Poor's has cut the credit ratings of 15 of the world's biggest banks - mostly in Europe and the United States - in the first wave of actions under its new, tougher, ratings criteria.
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Chorus signs up $1.35b bank funding line
Chorus, now officially demerged from Telecom, has just secured a $1.35b bank facility. Photo / Supplied
No to Chinese Crafar sale, says Fay poll
A poll for the Michael Fay-led consortium trying to buy the Crafar farms shows an "overwhelming desire for the govt to stop in and stop the sale" to the would-be Chinese buyer, Pengxin International.
Inside Money: The great wall of cash
"Believe it or not there's a lot of money out there," an authorised financial adviser (AFA) told me in a carpark conversation last week...
Struggle to tackle property addiction
Major political parties' lack of policies to redress our love affair with housing has bred frustration in economic circles.
NZ banks wary of new Reserve Bank rescue rules
NZ banks are wary of new rules that lay down how the Reserve Bank can freeze bank accounts.
Insurers face $30b in claims from Christchurch quake
Insurers are expecting claims worth some $30 billion and counting from the Canterbury earthquakes...