Auckland

AXA Asia Pacific, and its parent AXA SA, have agreed to give National Australia Bank until July 15 to convince the Australian regulator its acquisition of the trans-Tasman wealth management businesses will not hinder competition.

South Canterbury Finance has rolled over a block of debentures coming due in the coming months, helping ease its looming liquidity crisis, making a significant improvement in the ailing finance company's reinvestment rate and maturity profile.

At its meeting today, the Board decided to leave the cash rate unchanged at 4.5 per cent.

Prudential has reopened discussions with AIG in an effort to scale down the US$35 billion price tag of its proposed acquisition of Hong Kong-based insurance business, AIA.

NZF Group, which recently launched the country's first residential mortgage-backed securities in three years, has posted a full-year loss after it wrote-down the value of a joint venture with Mike Pero Mortgages.

The Euro-zone crisis is a reminder to borrowers that credit availability is not what it was and is never going back there, says BNZ economist Tony Alexander.

Allied Farmers further writes down Hanover book; Forsyth Barr division gets BB rating from Fitch; Wairarapa Building Society getso govt guarantee; Fairfax to delist redeemable preference shares.

Investors entitled to refunds but won't get help; KiwiSaver Budget changes still encourage investment

Paul Bublitz's Mutual Finance has ramped up its deposit rates for nine-month terms to two-year term as the competition for retail funds continues.

Pinnacle Life explains its premium increases and accuses other life insurance companies of making unjustified increases to policies.