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ASB Bank profits surge 27pc
Improved economic conditions contributed to ASB Bank recording a 27.6 per cent increase in its net profit after tax to $568 million for the year to June 30, the company said today.
Latest turmoil could hit local bank costs says BNZ
The US and European sovereign debt crises will likely push up the cost of funding for NZ banks, the head of the BNZ says.
Interest rates could spark mortgage war
PricewaterhouseCoopers (PwC) says a mortgage price war could break out among the country's major banks if interest rates rise as predicted over the next couple of years.
All systems are go for high-tech exec
ASB Bank's new chief executive is something of a Thunderbirds fan, finds Jamie Gray.
Geoff Simmons: Time to unsheath RB's secret weapon
Economic data is reading a little bit like the zombie apocalypse at the moment: the dollar hit an all-time high this week while inflation is the highest it has been in 21 years.
Mark Lister: Debt-reduction plans only delay inevitable
Investors need to be wary of risks posed by overseas economies.
Bernanke quashes US stimulus hopes
Investors' optimism about fresh stimulus by the Federal Reserve was dampened overnight as Ben Bernanke indicated the central bank wasn't planning any immediate action.