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![$50m property loan scheme in court](/pf/resources/images/placeholders/placeholder_l.png?d=793)
$50m property loan scheme in court
A bankrupt property developer allegedly used fronts and false information to borrow more than he otherwise could have as part of a $50 million loan scheme, a court has heard.
![US Treasury warns of default in fiscal game of chicken](/pf/resources/images/placeholders/placeholder_l.png?d=793)
US Treasury warns of default in fiscal game of chicken
US Treasury Secretary Jacob Lew has issued a categorical warning that the United States will default on its US$16.7 trillion debt.
![Deficit sinks to 4-year low](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Deficit sinks to 4-year low
The Government's deficit shrank to $4.4 billion in the year to June, the smallest it has been for four years.
![Banks take shares in Solid Energy](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Banks take shares in Solid Energy
After having its "for sale" sign removed when it almost collapsed this year, state-owned coalminer Solid Energy will be partially privatised in a restructuring deal.
![Prices reach record high](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Prices reach record high
Property asking prices around the country have reached a record high, with a shortage of houses on the market helping to fuel demand.
![State house subsidy for new buyers](/pf/resources/images/placeholders/placeholder_l.png?d=793)
State house subsidy for new buyers
First-home buyers in the provinces will be given a subsidy of up to $20,000 to move into vacant state houses, Housing Minister Nick Smith announced today.
![Kiwi Libor scandal - a plan is hatched](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Kiwi Libor scandal - a plan is hatched
"The plan is hatched and sounds sensible,'' New Zealand's Darrell Read told Tokyo trader Tom Hayes - an alleged co-conspirator in the Libor rates rigging scandal
![Key rejects builders' fears mortgage rules will reduce home starts](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Key rejects builders' fears mortgage rules will reduce home starts
Prime Minister John Key has dismissed builders' concerns that new Reserve Bank mortgage lending limits will reduce the number of new homes being built.
![Small business fears over new loan rules](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Small business fears over new loan rules
Will new low deposit loan rules make it tougher for people to buy, grow and fund small business?
![English: Home-loan ban will block 8000 buyers](/pf/resources/images/placeholders/placeholder_l.png?d=793)
English: Home-loan ban will block 8000 buyers
Up to 8000 families, couples and individuals trying to get into their first home will be stymied by the Reserve Bank's new lending restrictions, Finance Minister Bill English has acknowledged.
![Kiwi charged in rates rigging scandal](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Kiwi charged in rates rigging scandal
A New Zealander working for a major world banking company has been charged by US prosecutors in New York for allegedly taking part in the massive LIBOR rates rigging scandal.
![Rejected ASB borrowers told to complain](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Rejected ASB borrowers told to complain
Customers unhappy with their pre-approved loans being pulled by ASB are being encouraged to take the issue up with the Banking Ombudsman.
![KiwiSavers beware - study](/pf/resources/images/placeholders/placeholder_l.png?d=793)
KiwiSavers beware - study
An academic is warning savers to be wary of promises made by KiwiSaver providers.
![Rogue mortgage manager reined in](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Rogue mortgage manager reined in
A Kiwibank mortgage manager has been reined in after wrongly telling a customer it was pulling low deposit pre-approvals.