Is this the bitter end of the famous frozen funds fracas?

Investors who felt misled by ANZ and ING over two funds have won a record payout of $45m in a Commerce Commission brokered, out-of-court settlement.

The Commerce Commission has reached a record $45 million settlement with ANZ over the promotion of ING's diversified yield and regular income funds.

The Commerce Commission has reached a record $45 million settlement with ANZ New Zealand over the promotion of ING's diversified yield and regular income funds.

All the major trading banks have now lifted their mortgage rates, with BNZ becoming the last to move following the recent OCR hike.

Hubbard is defending his actions, while one investor says he had been told he was investing in a "trust fund".

ASB Bank has become the first big bank to lift its interest rates - and it says there are more to come.

New Zealand's housing market is running out of puff.

New Zealanders should do more to address economic imbalances, especially external debt, says the Reserve Bank.

Alan Bollard says a pickup in sales of 'uridashi' bonds to Japanese investors would be useful.

Bank sales techniques are under fire after a survey showed workers were concerned about promoting products to customers who could not afford them.

A former prostitute, who was paid $2.5 million by ASB fraudster Stephen Versalko, was in the Auckland High Court this week to make a deal with the bank over the money.

For the past three years Kiwibank has been voted New Zealand's Most Trusted Bank in the annual Reader's Digest poll.