Mark Hotchin will get a chance to again argue that Guardian Trust is jointly liable for damages over the collapse of Hanover and United.

Two days after releasing its offer documents, Squirrel’s equity crowdfunding offer had already exceeded its target.

ANZ is making two offers of unsecured subordinated bonds.

AIA has made appointments to 11 new positions, including to the senior leadership team.

A Napier insurance broker has had charges against him dismissed.

Co-Operative Bank led the field in cutting its floating interest rate following the OCR announcement but it wasn't a planned move to be first off the block, chief executive Bruce McLachlan says.

As it's a special week with a surprise OCR decision I'm sending you a second edition of TMM Online.

Banks have been extremely slow to pass on yesterday's OCR cuts to customers and one that has moved has only passed on 10 basis points.

Genesis Energy is offering up to $75 million, and up to $25 million of over-subscriptions, of six-year fixed rate senior bonds to institutional and New Zealand retail investors.

While many economic forecasters were expecting the Reserve Bank to cut the OCR later this year the central bank moved today shaving another 25 basis points off the cash rate.