Heads should roll at the Securities Commission if the severity of its action relating to South Canterbury Finance founder Allan Hubbard proves to be unwarranted, says John Kidd, the head of research at broking firm McDouall Stuart.

Failed finance company Bridgecorp’s directors Rod Petricivic and Rob Roest pleaded not guilty to eight new fraud charges under the Crimes Act and two under the Companies Act, according to reports.

The Securities Commission welcomes the settlement achieved between the Commerce Commission and ANZ National Bank Limited (ANZN) and ING (NZ) Limited (ING).

The following is ANZ's statement about its settlement with the Commerce Commission over the way its CDO-backed funds were sold

Standard and Poor's has cut South Canterbury Finance's credit rating by two notches after the government put the embattled finance company’s owner Allan Hubbard and some of his interests into statutory management.

The Commerce Commission has reached a record $45 million settlement with ANZ over the promotion of ING’s Diversified Yield and Regular Income Funds.

The death of both parents when he was age 19 led Andy Andrews to a string of bad choices resulting in becoming homeless. One night under a pier on the Gulf Coast, he met an elderly man who gave him three biographies of successful people. Reading these and many more biographies, he identified seven decisions that led these people to greatness. Andrews altered his destiny for the better when he began to apply these decisions to his life:

Sovereign is the first New Zealand insurer to team up with Best Doctors, a worldwide network that offers patients and doctors a comprehensive medical review of serious illnesses by recognised health experts.

Gender inequality still an issue in financial services

ANZ National Bank has followed ASB and increased its short term home loan rates for both its banks.