![Bank suit gets 4000 new sign-ups](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Bank suit gets 4000 new sign-ups
More than 4000 extra people have signed up overnight to join a legal bid to sue the banks over penalty fees after ANZ was named yesterday as the first target.
More than 4000 extra people have signed up overnight to join a legal bid to sue the banks over penalty fees after ANZ was named yesterday as the first target.
2 degrees has negotiated a $165 million credit facility from the Bank of New Zealand and is immediately handing over $120 million to clear a debt owed.
ANZ head of retail banking Kerri Thompson says she is confident the bank will "come out in the clear" in a legal case claiming it has charged excessive penalty fees to customers.
The Reserve Bank has announced it will lift the ratio of deposits to loans in order to take the heat out of the housing market, writes Gareth Morgan.
For Ivor de Menefy it's not about the money, it's a matter of principle.
The New Zealand Bankers' Association expects a legal case claiming the ANZ charged its customers unfair penalty fees will be vigorously defended.
The first bank to be taken to court in a law suit targeting "unfair" default fees is to be named today.
The Prime Minister John Key believes first-home buyers should be exempt from proposed restrictions to low-deposit home lending.
New owners for MediaWorks have been trying to renegotiate a Fox TV deal that provides top shows like Homeland, Family Guy and Bones.
Taxpayers may wind up covering for MediaWorks again with a restructuring deal that could free them from a potential $22 million obligation to the IRD.
New Zealand television audiences should not be worried about losing popular shows like X Factor and The GC, say the receivers of MediaWorks.
As TV3 and MediaWorks heads into another period of upheaval the question is why its bankers used receivership to restructure the firm.
Market players are expecting Wynyard Group to be priced towards the lower end of its $1.10 to $1.65 range in its book build tomorrow.
New Zealand's dairy sector debt nearly tripled over the past decade to $30.5 billion last year and some farmers will have difficulty servicing their loans in the year ahead.
The aim of balancing the books to reduce government debt ignores a fundamental lesson from the GFC, writes Peter Lyons.
New Zealand's credit unions have had an early Christmas present after the Government changed the law clearing the way for all financial advisers to provide advice.
Divisions are emerging over who should pay for the KiwiSaver employer's contribution.
Momentum in the Auckland property market appears to have stalled, with Barfoot and Thompson reporting another month of flat prices.
The OECD is urging New Zealand to adopt a deposit insurance scheme to limit depositors' losses in the event of a bank failure.
ANZ, the country's largest bank, has today completed the sale of Eftpos New Zealand to global payments company VeriFone.
TSB Bank lifted annual profit 11 per cent as rural and commercial lending rose faster than its traditional sector in household mortgages.