The Opposition's banking inquiry found that major banks did bolster their profits at the expense of borrowers.

Reserve Bank Governor Alan Bollard has issued a warning to banks about the perils of approving high-risk mortgages.

Tax avoidance has been much in the news recently, because of the banks' cases.

Operating conditions remain difficult for ASB in the current economic climate, the bank's Australian parent said today.

Transpower is contemplating a domestic bond issue of around $200m early next year as it gears up for $5 billion of capital expenditure on national grid upgrades over the next decade.

Westpac suffered a shocker of a year in New Zealand on mushrooming bad debt charges and a massive tax bill.

Police are still seeking Chinese help to find Leo Gao and Kara Hurring who skipped the country with millions of of Westpac's money.

A high-flying NZ banking exec says she was hounded out of her $250,000 pounds ($578,000) a year job in London by sexist Japanese bosses.

The NZ dollar may keep falling this week as investors get jittery about the speed and strength of the global recovery .

The New Zealand dollar has tumbled amid renewed concerns the global recovery may take longer than previously thought.

Kiwi Income Property Trust is considering raising $100 million to $150m, primarily to reduce debt.

The Reserve Bank has left official interest rates unchanged at 2.5 per cent this morning, while confirming they are not likely to rise till the second half of next year.

Interest rates have been left on hold by the Reserve Bank this morning, with governor Alan Bollard confirming again that he intends to keep them low till "the latter part of 2010".