Latest fromBanking

Inflation now 1.8pc - lower food prices offset tobacco hike
New CPI figures show prices rose 0.3 per cent for the June 2010 quarter, meaning annual inflation is running at 1.8 per cent.

Signs of US weakness hits world markets overnight
Stocks in Europe and the US fell after worse-than-expected US economic data bolstered concern about growth.

<i>Inside Money: </i>Sore winners should end frozen war
After contributing to a famous victory against the forces of financial bigness you'd think the Frozen Funds Group (FFG) would want to chill out a little.

Inflation-watchers waiting for CPI numbers
CPI stats due out today will be closely watched...

NZ dollar peeks above US71c on risk appetite boost
The NZ dollar peeked above US71c for the first time since late June as good economic data from the US and Australia restored faith in the global economic recovery.

Former Rabobank executive to run South Canterbury Finance's 'good bank'
South Canterbury Finance has named a former Rabobank executive to run its so-called "good bank".

Kiwibank growth slows
Kiwibank had slowing growth and shrinking margins in the March quarter, says KPMG.

NZ dollar gains on weakening US dollar
The New Zealand dollar gained on a weakening greenback after comments from the Reserve Bank of Australia yesterday spurred traders' appetite for high-yielding currencies.

Uncertainty on Wall St as US stocks fall
Stocks in the US fell overnight, erasing an early rally, on evidence of a slowdown in growth in the US services sector.

Kiwibank calls for compulsory KiwiSaver membership
The boss of state-owned Kiwibank wants people to be compelled to join KiwiSaver, with individual contributions rising gradually over the next decade or two to reach 10 per cent of income.

Rents will rise as house prices fall, says Westpac
House prices will fall gently for the next two years before levelling out, says a leading bank economist.

Kiwibank unveils its own KiwiSaver scheme
Kiwibank has launched its own KiwiSaver scheme, promising better disclosure of fees and more direct control by investors.

World equities slide overnight
Equities slid overnight amid further signs of economic weakness in China, Europe and the US.