Lack of financial literacy is not unique to NZ ...

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.

New Zealand's services sector slowed its expansion last month.

NZ manufacturing has expanded for the third month in a row and reached its highest expansion rate since 2004, according to the latest PMI survey.

Lingering concerns around the prospect of a European debt crisis will weigh on the kiwi dollar, with the currency expected to continue trading in its recent range this week.

A survey showing high levels of customer dissatisfaction with Australian-owned banks is a wake up call to the industry, says Finsec.

NZ banks granted 4438 home loans in the first quarter of this year, a 30 per cent drop on the same time last year.