Australia is to ban financial advisers from accepting commission payments on products they sell.

Goldman Sachs has lifted the veil of secrecy surrounding its multibillion dollar trading in the mortgage market at the height of the credit crisis.

Virtually every financial adviser in the country will be back at school in the next few months studying for a qualification in order to stay in business.

Feltex was failed by its accountancy firm Ernst & Young, the Auckland District Court was told today.

ANZ National can expect a 'significant shortfall' on the $26 million it's owed by ProvencoCadmus.

The number of people who received mortgages in the first quarter of this year was 30 per cent down on 2009.

New Zealand's economic outlook has improved this year, but a swifter recovery for other nations could put the country's growth at risk.

South Canterbury Finance's loss has reached $191 million for its half-year.

Inland Revenue Department applications to liquidate troubled companies plummeted to almost zero at one point last year.

The Serious Fraud Office is investigating claims that Bridgecorp boss Rod Petricevic used investors' money to pay $1m to a company run by a woman he was in a relationship with.

The popularity of the KiwiSaver scheme means that operators are doing well out of clients.

A KiwiSaver watchdog has called for providers to lower their fees because of the early success of the retirement savings scheme.

South Canterbury Finance plans to start raising money from the public this week.