Grant Baker of Business Bakery has joined the board of Dorchester Pacific as a non-executive director.

Several banks are playing down the risk of the housing market overheating again soon, with BNZ Capital suggesting it will take "an awful lot to blow a bigger bubble from here".

Westpac has cut some of its short term home loan interest rates with the biggest cut being made to its revolving credit product.

Pyne Gold Corporation (PGC) has announced three senior management appointments, as the group moves closer to becoming a publicly-listed registered bank and asset management company.

KiwiSaver SRI option ‘a spectacular flop’; AIG become AIA (again); Infiniti Capital makes first move into Australia; Retirement Commission rolls out new financial literacy tools for schools.

Pyne Gould has made two senior management appointments as part of its plan to become a publicly listed registered bank and asset management company.

Reserve Bank Governor Alan Bollard held the official cash rate at 2.50% today, as expected, and reiterated his view that the rates will stay low until the end of next year.

UPDATED AND EXCLUSIVE: Naomi Ballantyne, who finished up as ING Life managing director last week, has joined the board of an another insurance provider and is looking to join the board of dealer group Newpark as an independent director.

The Government has passed legislation extending the Retail Deposit Guarantee Scheme and changing some of its terms and conditions.