New Zealand’s banks are being sued for $1 billion in a class action lawsuit announced today.

Joan Withers has been appointed to the ANZ board.
 

Hubbard Management Funds investors will this month receive another payout of 15c in the dollar.

The Commerce Commission is advising the finance sector to take note of the lessons to be learned from its investigation into the marketing and sale of the failed investment product Credit SaILS. The following are its tips.

Highlights from Sovereign’s latest product release include; new Disability Income Protection benefits, Mortgage and Income Protection, Loss of Earnings and Redundancy Cover.

New Zealanders will soon start to hear more from the Reserve Bank, governor Graeme Wheeler says.

PM Capital has further expanded its distribution capabilities by engaging the services of Kiwi Investment Partners to manage relationships with key financial planners, platforms, institutional and high net worth clients.

Allied Farmers lives to see another day with an agreement to sell loan assets with “nil book value” to a confidential third party.

Home loan lending is heating up – and complaints along with it.