World sharemarkets have fallen overnight, as disappointing US jobs data fuels fears the global recovery is in jeopardy.

Bernard Hickey: Bollard tells banks to ease up

US shares fell overnight as Germany said it would ban a type of short selling of shares in 10 big financial firms.

Stephen Versalko duped ASB Bank customers into parting with $18mby writing dodgy statements that didn't even carry the bank's logo.

People will never love banks - our relationships are necessarily fraught, and tainted by the suspicion we're being clipped for services of dubious value.