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Finance industry winners
Companies including Ebos, BNZ, Milford Asset Management and Craigs Investment Partners took home awards at a major finance industry event in Auckland last night.
Complaint awareness needs to improve - FMA
Just one in 10 people know who to complain to if they have a dispute with their bank, insurer or financial adviser - and that's not good enough, says the head of the FMA.
Bank boss: Stop talking about bonuses
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.
New FMA tools 'immensely powerful'
New Zealand's market watchdog now has an "immensely powerful, proactive toolbox" to stamp out misleading behaviour says a major law firm.
Low-ball share bids take $290,000 toll
Kiwis who accepted low-ball share offers sold their investments at $290,000 below market value in the year to February, despite rules aiming to limit the practice.
Warehouse raises $100m for push into financial services
The country's biggest listed retailer, successfully raised $100 million from institutional investors to help fund its drive into financial services.
Lenders target families with Xmas cash
Money lending firms are offering lavish gifts and prizes to entice people into taking out high-interest loans for Christmas.
Otago expecting increase in student numbers
Student numbers are expected to increase at the University of Otago next year, turning around three years of declining enrolments at the institution.
Earthwise streaks to top of Fast 50
Auckland-based Earthwise Group, a maker of environmentally friendly cleaning products, is top of this year's Deloitte Fast 50 index.
Ombudsman fields gripes over banks' behaviour
The banking ombudsman has had 10 complaints about the loan-to-value-ratio (LVR) changes introduced on October 1, with eight related to banks withdrawing prior approvals.
Sean Hughes steps down from FMA
New Zealand's leading financial regulator has announced he his stepping down.
Ross family paintings sold for $199k
David Ross appeared briefly in the Wellington District Court this morning, where hearings were adjourned to August 22.
Brian Gaynor: D-Day for New Zealand's finance industry
Tomorrow is D-Day for the finance industry, particularly banks and most traditional financial institutions.
David Ross facing three further charges
Three more charges have been laid today against the alleged Ponzi-schemer David Ross.
Adviser's $400m Ponzi charges
The Serious Fraud Office has laid charges against financial adviser David Ross, who is alleged to have operated a $400 million Ponzi scheme.