Finance company GE is likely to appeal a court decision that its loans to two retired Blue Chip investors are "oppressive".

New Zealanders have spoken - we're not happy with our banks, and fed up with executive fat-cats and overseas call centres.

The Securities Commission has appointed an inspector to probe the collapse of the country's second-largest finance company.

Financial advisory firm Vestar invested most of an elderly woman's life savings into seven failed finance companies and funds, court documents allege.

Receivers have been called in to protect the interests of 9000 St Laurence investors who are owed $245 million.

NZ's rag-tag pack of financial market watchdogs will be replaced by a "super regulator" in a move to restore confidence after the finance company meltdown.

Yellow Pages Group, which owes its lenders about NZ$1.72bn, looks set to be put on the block for sale by its nervous banks.