The New Zealand dollar will try to break above 80 US cents this week after the Federal Reserve said it will start printing US$600 billion.

World share markets have risen after the Federal Reserve's $600b plan to stimulate the US economy was well received.

ASB is dropping the CBA name as it seeks to double its market share in the institutional and corporate banking sector.

A man's first thought was 'to board a flight to Beijing' when he discovered a Westpac bank teller had mistakenly doubled his life savings.

ANZ National bank's local profit climbed in the year to September 30 as it cut its expectations for loan defaults, while the value of its late loans almost doubled.

The Reserve Bank has left the Official Cash Rate on hold at 3 per cent.