German yields near 1pc as Japan-style risks grow
ECB reluctance to adopt full-scale quantitative-easing policies is prompting German comparisons with Japan's stagnation over the past 15 years.
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ASB banks record $806m profit
An improving economy and favourable funding conditions helped ASB Bank boost its annual statutory net profit by 14pc to a record $806 million.
NZ on cusp of buy-up boon
New Zealand could be on the cusp of a big lift in mergers and acquisitions activity, driven in part by increasing Asian interest in local companies.
Economy riding the road to growth
ANZ's Truckometer recorded an increase in heavy traffic on roads last month.
Card transactions up in July
Consumers' plastic cards saw more of the light of day last month.
Would a 'Banker's Oath' tame some financiers?
A British organisation has released a report titled "Virtuous Banking", which offers suggestions for reforming the financial industry.
Asset prices look stretched
It is a time for investor caution as asset prices look increasingly stretched, warns Bank of New Zealand economist Stephen Toplis.
New global crash looming: bank boss
Another crash in global asset prices could be brewing according to Raghuram Rajan, Governor of the Reserve Bank of India.
Kids solve bank's access problem
A group of primary school children have solved a problem that our biggest bank couldn't solve - finding a way to let disabled people into its downtown Auckland branch.
Westpac nears release of 3D banking app
Westpac New Zealand says it is gearing up to release a world first banking app that will allow customers to view their account details in 3D.
Auckland house sales fall
Auckland's biggest real estate agency, Barfoot & Thompson, said their house sale volumes fell in July, blaming winter and the election.
Three Chinese banks grab prime CBD spots
Three Chinese banks have leased offices in Auckland's central business district, putting further pressure on the stretched sector, says a leasing agent.
Brisk US growth figures clip kiwi
The New Zealand dollar dropped below US85c yesterday on news that the United States economy is growing at a pace brisker than expected.
NZ dollar slides to eight-week low
The New Zealand dollar slumped to an eight-week low as the US dollar jumped on better than expected US second quarter growth data
Even yakuza can't stop investors hunting for yield
The Japanese consumer lender at the centre of a scandal over loans to gangsters that engulfed Mizuho Financial Group sold debt at about a fifth of the premium global companies pay, as investors search for yield.