The Bank of New Zealand has refunded $4 million to 90,000 customers.

We still don't know whether the freeze-up of China's interbank market last week was a hiccup or a foreshock.

Moody's Investors Service has given the Australian economy an upbeat assessment and says its currency's rating remains stable.

Reserve Bank Deputy Governor Grant Spencer gave an excellent speech this week explaining why the bank is considering regulating the growth of low deposit mortgages.

Tomorrow is D-Day for the finance industry, particularly banks and most traditional financial institutions.

A Vatican official already under investigation in a purported money-laundering plot involving the Vatican bank was arrested yesterday in a separate operation.

Q: Recently, it was reported that from July to August this year, banks will be able to repurpose a person's money in their savings account, for the bank's own needs. Could you give us more information?

A mortgage interest rate below 2.48 per cent, determined by the number of "likes" the promotion gets on Facebook, is the latest bank bid to generate customers.

Ireland's Parliament will open an investigation into the disastrous bailout of Anglo Irish Bank following newly disclosed recordings of telephone calls that show former directors conspiring to conceal the true scale of the bank's losses.

Markets across the region were further rattled yesterday as the Chinese stockmarket fell to its lowest level in four years.

Ongoing fallout from the US plan to easemoney printing policy and uncertainty in Asian markets are being blamed for a fall on the New Zealand share market.

Fair Play on Fees lawyer Andrew Hooker was talking tough as he filed the first documents in the case against ANZ bank at the High Court in Auckland today.

High-powered QC Bruce Gray has been appointed lead counsel in a lawsuit targeting penalty fees charged by New Zealand's biggest banks.

MediaWorks NZ, the broadcaster whose lenders look likely to seize control, narrowed its annual loss in 2012 after massive writedowns a year earlier.

The beginning of the end may have begun for record-low mortgage rates in New Zealand.

The FMA is preparing to take action against two unnamed KiwiSaver issuers for making misleading statements in their offer documents.

Mighty River Power shares slumped to a new low of $2.23 this morning as the local stock exchange followed world markets down, reaching its lowest point in a month.

Wall Street has declined after Fed chairman Ben Bernanke said the central bank may begin tapering its US$85 billion-a-month bond-buying program later this year.

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.