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$4b funds manager to leave NZ
$4 billion funds management firm Alliance Bernstein has confirmed it is "relocating" out of New Zealand.
More finance firms tipped to fail
A big chunk of the surviving finance company sector is unlikely to outlive the retail deposit guarantee.
Five Star investors look to sue directors
Investors owed $42 million after the collapse of the Five Star Finance group of companies are looking at suing the directors.
Bollard slams banks for 'risky mortgage practices'
Reserve Bank Governor Alan Bollard has issued a warning to banks about the perils of approving high-risk mortgages.
AMP bids to create fund giant with Axa
AMP's A$11 billion bid to acquire rival Axa Asia Pacific may create New Zealand's largest fund manager.
ASB says conditions tough, ups deposit rates
Operating conditions remain difficult for ASB in the current economic climate, the bank's Australian parent said today.
Financial advice problems being addressed, says Govt
Changes the Government is making will improve the standard of the financial advice industry, Commerce Minister Simon Power says.
Some financial advisers 'still shoddy as ever'
A Consumer NZ investigation of financial advisers has found the advice being given was "scandalously poor".
Westpac misery blurred by poor data, says analyst
Westpac suffered a shocker of a year in New Zealand on mushrooming bad debt charges and a massive tax bill.
Lukewarm response to home loan top-ups
Only a small portion of the Government's allocated $18.4 million to help modest income-earners buy houses has been taken up.
Kiwi Income considers $150m capital raising
Kiwi Income Property Trust is considering raising $100 million to $150m, primarily to reduce debt.