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Inside Money: Banks v Shearer - a non currency affair
I heard John Banks on the radio this morning offering financial advice to the recently-embarrassed Labour leader, David Shearer, writes David Chaplin.
Editorial: Banks lose comfort of being 'too big to fail'
Everybody with money in a bank in this country will be alarmed at first reading of the Reserve Bank's plan to seize some depositors' funds in the event of its failure.
We're no Cyprus, says Reserve Bank
The Reserve Bank says its plans for dealing with potential bank collapses are very different from what's being seen in Cyprus.
Editorial: IMF report shows cool heads needed on economy
Editorial: It is always useful to get a global perspective on issues that are the subject of local political wrangling.
Risk to savings if bank fails
Kiwis with money in the bank could see their nest eggs and savings dwindle in a government move the Greens say is a "Cyprus-style solution" to help out failing banks.
Bryan Gould: Cyprus outrage not too far from home
"Who should bear which liabilities in the event of a banking collapse?" asks Bryan Gould. "The NZ proposal is an astonishing assault both on the property rights of depositors and on confidence in the banking system."
David Mayes: Government must insure our savings
All advanced countries except NZ offer protection for ordinary depositors of up to $300,000 a deposit in each financial institution, writes David Mayes.
Helen Twose: Payment frequency's your choice
Spreading your contributions over a period of time can help smooth out some of the fluctuations in the entry price of your fund.
Class actions needed in NZ, says lawyer
Class action acts as a "handbrake to corporate mischief" and should be allowed in New Zealand, says a Christchurch lawyer.
Damien Grant: Delinquent payers just want a free pass
Fans of John Grisham will be familiar with get-rich-quick lawyers filing billion-dollar lawsuits against wealthy villains.
Targeting the banks
This week's move by a group of lawyers to take legal action against the NZ banks over default fees is not the first time banks have come under pressure.
ASB will fight fee claims, says owner
Commonwealth Bank of Australia boss Ian Narev says his bank and its New Zealand subsidiary ASB will vigorously defend accusations of unfair and illegal default fees levelled by a legal consortium.
Wheeler jolts market despite OCR hold
The kiwi dollar dropped by 1 US cent after the Reserve Bank warned that a strong currency could always prompt an OCR cut.
Reserve Bank leaves OCR on hold
The Reserve Bank says the Official Cash Rate will stay at its record low of 2.5pc. The kiwi dollar dropped on the news.
Claire Matthews: Win on bank fees suit may send wrong message
A massive class-action suit being taken against New Zealand's big four banks and Kiwibank was announced with much fanfare earlier this week.
Kiwis stung by bank fees
Kiwi bank customers are being stung by significantly higher default fees than their Australian counterparts but some say banks across the Tasman are undercharging.
Dollar to peak - but when?
Businesses expect the New Zealand dollar to peak around the middle of the year before declining, according to an ASB Bank survey.