Start buying houses, says Kiwibank boss
New Kiwibank head Paul Brock is urging potential first home buyers not to be spooked and to go out and buy, so long as they can afford to.
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The great American mortgage crisis deepens
After the Subprime Mortgage Mess, the US Foreclosure Fiasco.
<i>Inside Money :</i> Reserve Bank fights inflation, launches board game
Let's celebrate some of the lesser, under-appreciated duties of the Reserve Bank.
Wall St welcomes Fed confirmation of easing
Equities on Wall Street welcomed clarification about Federal Reserve policy makers' plans for further monetary easing to help propel US economic growth.
Economic recovery 'brittle' - Bollard
The economic recovery is proving 'brittle, uncertain, and full of surprises', Reserve Bank Governor Alan Bollard says.
NZ dollar holds above 75c as China toughens up on banks, Fed speaks
The New Zealand dollar held above 75 US cents as the greenback rallied after China boosted the level of cash that six of its biggest banks need to keep on hand.
<i>NZ Dollar Outlook:</i> Kiwi to trail Aussie dollar higher
The Kiwi dollar will likely extend its run higher this week as the Australian currency looks set to test parity with the greenback, dragging the kiwi along with it.
Kiwibank chief mulls account number portability
Kiwibank's new chief executive Paul Brock wants to see the banking industry emulate its telecommunications counterpart and introduce bank account number portability.
Extended retail deposit guarantee gets little traction
Only seven companies - including the three "Heartland Bank" merger partners - have signed up for the Crown's extended retail deposit guarantee scheme.
NZ dollar nears 75USc as world stocks rally
The New Zealand dollar is nearing 75 US cents after share markets around the world rallied overnight.
ASB launches 'rounding up' savings
One of NZ's biggest banks is encouraging Kiwis to turn their small change into big bucks via a new savings programme that rounds up spending on eftpos and visa debit transactions.
NZ dollar eases ahead of QSBO, RBA meeting
The New Zealand dollar fell from a 10-month high as a pick-up in American housing data polished the appeal of the beaten-down greenback.