Affinity Equity Partners, the private equity firm that owned the now in-receivership retailer Colorado Group, has been given clearance to buy Tegel Foods.

ANZ's chief executive Mike Smith says operating two separate banks in New Zealand is inefficient.

Alan Bollard has flagged a handful of tools he may use to help damp future asset and credit bubbles and maintain the stability of our financial system.

A former Rotorua woman who allegedly left New Zealand with her partner when Westpac mistakenly put $10 million into his account will face 24 new charges when she appears in court next week.

Speculation that a major bank would shift into a new 26-level high-rise office tower in Auckland has been dashed.

Former bank manager Vanessa Adams' family and friends sobbed openly in court as she was sent to prison for stealing more than $200,000 from customers' accounts.

One of the accidental millionaires, Kara Hurring, has appeared in court and will fight eight charges of money laundering and one charge of theft of $6,782,000 from Westpac Bank in 2009.