TOWER group managing director Rob Flannagan says his job is done and he s resigning.

The Reserve Bank’s new licensing regime is already creating a sounder insurance sector, according to its head of prudential supervision.

Westpac has made three changes to its home loan rates including a match to ANZ's new one-year offer.

Credit rating agency Fitch has affirmed the AA- ratings of ANZ, ASB BNZ and Westpac.

Mint Asst Management has made a new appointment to its board.

Three directors of the failed finance company Capital + Merchant Finance have been sentenced at the Auckland High Court following action taken by the Financial Markets Authority.

nib has announced the appointment of Alan Clarke as chairman of Tower Medical Insurance.

BNZ' has appointed a new head of Wealth Management and its Private Bank a month after it launched its KiwiSaver scheme.

The Reserve Bank has left the official cash rate unchanged at 2.5% and expects it to stay that way at least until the end of the year.

The following is the Reserve Bank's latest Official Cash Rate announcement.