Is this the bitter end of the famous frozen funds fracas?

Investors who felt misled by ANZ and ING over two funds have won a record payout of $45m in a Commerce Commission brokered, out-of-court settlement.

The Commerce Commission has reached a record $45 million settlement with ANZ over the promotion of ING's diversified yield and regular income funds.

The Commerce Commission has reached a record $45 million settlement with ANZ New Zealand over the promotion of ING's diversified yield and regular income funds.

All the major trading banks have now lifted their mortgage rates, with BNZ becoming the last to move following the recent OCR hike.

The Capital Markets taskforce believes New Zealand could double the size of its public markets in five years - with a little ambition. Here's some of the potential game changers.

Sam Knowles deserves an awful lot of credit for leading the creation of a large and worthy institution that has shaken up the banking industry for the benefit of consumers.

Inside Money: Come in ComCom, CDO investors calling...

Bernard Hickey: Bollard tells banks to ease up

The ANZ Bank says it is shocked and disappointed at allegations a drug trafficking ring was operating out of its central Melbourne branch.