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Commerce Commission probe into 'Credit Sails' bond sales
The Commerce Commission says it's investigating the sale of "Credit Sails" bonds, which crashed during the global financial crisis.

Reserve Bank pushes for power of veto over big bank purchases
The Reserve Bank of New Zealand is pressing for the power of veto over significant purchases by the country's banks.

Bailout fund hint highlights tensions
The Belgian Finance Minister has hinted that the €750 billion ($1.3 trillion) EU bailout fund could be increased, in a further sign of the confusion and discord over the best way to tackle the Eurozone debt crisis.

<i>Deborah Hill Cone</i>: Keep your distance, Mr Banker
I don't want a friend - just a bank that knows its place.

World shares surge on optimism
Stocks in Europe and on Wall St surged overnight to start the final month of the year with an optimistic view that central banks and policy makers were committed to shoring up economic growth.

Road rage-accused name released
A leading financial adviser accused of a road rage hit-and-run incident can be named for the first time.

Euro worry deepens overnight on world markets
Concern about Europe's fiscal crisis was at the forefront of investors' minds again as they sold equities, the euro and European government debt.