![Bank worker admits stealing $400k](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Bank worker admits stealing $400k
A Queenstown woman done for a $400,000 bank rip-off has admitted the offending - and using the money for a house, overseas trips and paying off debts.
A Queenstown woman done for a $400,000 bank rip-off has admitted the offending - and using the money for a house, overseas trips and paying off debts.
Barclays has been accused of trying to silence criticism of its bonus culture after a director slapped down a shareholder for speaking out over its pay practices.
Homeowners are bracing for another rise in mortgage interest rates but experts say most are prepared with better spending habits and contingency plans.
The FMA is investigating whether the sales and marketing of interest rate swaps by major banks to rural customers may have breached the laws.
The Reserve Bank has increased the Official Cash Rate by 25 basis points to 3 per cent this morning.
Interest rates could peak at a level which would see first-home buyers in Auckland spending two-thirds of household income paying the mortgage.
Another rise in the official cash rate, to 3 per cent, on Thursday is seen as a virtual certainty.
New Zealand's tax system heavily penalises KiwiSaver while offering massive tax breaks to property investors, says savings lobbyist..
Institutional trades have predominated since the historic move to direct convertibility of the New Zealand and Chinese currencies began last month.
The New Zealand dollar held its gains of last week against the greenback before public statements by Federal Reserve chair Janet Yellen amid speculation she may clarify the central bank's view on the start of any interest rate hikes in the US.
ASB customers will soon be able to ditch their wallets and pay for small purchases with their phone by attaching a sticker.
The Kiwi dollar extended its decline against its trans-Tasman counterpart after figures showed Australian unemployment unexpectedly fell last month.
The world is still rebuilding after the global financial crisis, but it will take time before public confidence in the banking and finance sector is fully restored.