ASB has announced it will be the first major NZ bank to offer asset rich but cash poor customers reverse equity mortgages.

The New Zealand dollar may fall below 70 US cents this week as investors wait on the outcome of Australia's Federal election.

The Government has underwritten Kiwibank's growth plans by providing its parent NZ Post with a backup funding facility it can draw on in emergencies.

The British bankers once dubbed the 'NatWest Three' are now recanting their guilty pleas.

Fran O'Sullivan writes that Phil Goff has been handed a couple of political aces - but how he plays them remains to be seen.

Kiwibank has undercharged for too long and is reaping the fruits of not being profitable enough, Ralph Norris says.

Profits have dipped at ASB Bank, but loan impairment charges have halved.

The Federal Reserve has voted to buy US Govt debt in a fresh bid to spur the world's biggest economy.

The financial crisis offically began three years ago.

Kiwibank has joined ANZ, Westpac and TSB today, moving to increase floating mortgage rates and cut longer term fixed rates.