St Laurence has sold its stake in listed company Dorchester to Foundry Asset Management; a new funds management and advisory business backed by the people behind 42 Below Vodka.

The frozen ING New Zealand funds have cost the country’s largest bank more than it previously anticipated following the $400 million settlement announced in August.

The frozen ING New Zealand funds have cost the country’s largest bank more than it previously anticipated following the $400 million settlement announced in August.

Russell Investments former managing director rejoins the company.

ASB has discovered an elaborate fraud by one of its investment advisers involving several million dollars.

Tower to raise $81.3m, fund of hedge funds rated by S&P; Mint goes metallic; Equity market making a comeback

Blue Star Print Group suspends bond repayments; Deposit rates continue tussle in longer term space; GPG Finance doubles profit, slashes interest costs.

South Island-based finance companies Pyne Gould Corp. and South Canterbury Finance reported annual losses after taking provisions against non-performing assets such as property loans.

Liontamer, which recently came back under the full control of its founders, now has two new shareholders.

New Zealand's third largest building society, Southern Cross has been given a BB long term rating by Standards and Poor's, with a stable outlook.

Wellington