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.

If ASB had not kicked off mortgage rate increases yesterday, then the Reserve Bank would have started thinking in terms of boosting the Official Cash Rate (OCR) 0.5% in July simply to force the response it wants, says BNZ economist Tony Alexander.

Dorchester Finance says the Securities Commission’s tardy response to the offer documents for its restructuring are unhelpful.