Court claim on $41.3m loss via Nido schemes explained
Shareholders put $47.2m into schemes to fund the store, hoping for big returns.
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Liquidators appointed but it's far from clear if customers will regain access to funds.
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More competitive prices and a ‘get in now’ attitude' not enough to fire a recovery.
Scam victim hires private investigator to track ‘money mule’ after losing $100k
'In a lot of these cases you’re chasing shadows, but here there’s a genuine lead.'
Credit Suisse retail investors plan lawsuit challenging UBS takeover
Financial Times: Class action claim includes hundreds of failed bank’s former employees.
Eftpos plummets in popularity as newer forms of payment emerge
Eftpos, the payment system widely used in NZ is plummeting in popularity.
Markets with Madison: Sir John Key on debt defaults, bank profits
The head of New Zealand’s biggest bank says he’s surprised by the lack of mortgage defaults but expects it will get worse.
ASB boss: Interest rate pain will emerge over time
Mortgage rates north of 6 per cent are yet to be felt by around half of ASB customers.
Bank profits: NZ banking more profitable than in other countries - ComCom
Preliminary findings “raise questions for us”, says commission chairman.
'Terrible people': Scammers steal $350k from mum as hubby fights for life in hospital
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Westpac strike: Demonstration and ‘capitalist pig’ at Britomart
'They have to be very, very angry to go on strike,' union says of rare bank worker action.
Buy now, pay later sector avoids heavy-handed rules
Government takes 'proportionate' approach towards BNPL regulation.
'Not at all an admission of failure' - CCCFA to be reviewed again
New Commerce and Consumer Affairs Minister wants lending rules to be more 'nuanced'.
'Lost his moral compass': Ex-councillor struck off from practising law
Duncan Takena Stirling misappropriated $100,000 from his firm's trust account.
Westpac strike to go ahead, inflatable ‘capitalist pig’ expected
In rare bank strike, workers will take a variety of midweek actions.
Gas mogul who redrew energy map clings to ranch after loans come due
Financial Times: He pioneered the American LNG boom but now warns of homelessness.
Govt faces tough calls over who pays what to insure deposits
Consultation underway on how the cost of deposit insurance should be shared.
Bank of England raises interest rates by 0.25 percentage points
Financial Times: Smaller increase amid signs persistently high inflation is easing.
Capital injection means Kiwibank could up lending by 14pc
Can the state-owned bank be a "disrupter"?
Bank worker admits siphoning $60k from employer
The woman, aged in her 30s, will file for permanent name suppression at sentencing.
'Heartless': Bank refuses refunds for scam victims who lost $430k
"NZers are soft targets because we don’t have the security in place. It’s bananas."
ECB introduces ‘de facto bank tax’ snubbed by RBNZ
Central bank president speaks of "public duty" to conduct monetary policy efficiently.
Police informant headed to prison after admitting 5 bank robberies to feed addiction
The man from New Mexico robbed one of the banks two times.
Mary Holm: Have you been caught out by the KiwiSaver cut-off date?
OPINION: Some businesses don't charge for contactless payment, but others do.
Borrowers forced to dig deeper as home loan test interest rates jump again
One bank is now testing at over 9 per cent.
$100m sell-off: Kiwi richlister quits NZ for Australia
Ben Cook says he loves NZ, but time right for "business, family and lifestyle" reasons.
Federal Reserve raises US interest rates to highest level in 22 years
Financial Times: Central bank implements increase as inflation concerns linger.
'Digital ram raids': NetSafe unveils new scam detection weapon to protect Kiwis
'This is a massive step in New Zealand’s war against scams.'
Nation of Debt: Kiwis putting more on the plastic to cope with the cost of living
How the economic slowdown is stretching household budgets.
Westpac, several smaller banks lift home loan rates - again
More banks have announced changes to their home loan rates.
Auckland apartment market: New sales plummet, projects abandoned
There's been an 83 per cent pre-sale drop in the last six years.
"Not sustainable': Calls for liaison police placements overseas to target scammers
But Government rubbishes plan as 'ridiculous'.
'Skilled predators': Top cop admits it's impossible to ID offshore scammers
“It’s easy money for the offenders. It’s an easy crime.”