In previous commentaries, Tyndall have pointed to the likelihood of the rocky road of 2008 including some shorter bursts of relative optimism and market recoveries. We experienced this in May. This month Tyndall comment on why this recovery is unsustainable.

Tauranga

ING chief executive Marc Lieberman has unexpectedly resigned and is to take up a position running the European operations of a large United States financial services operation.

Bridgecorp founder and director Rod Petricevic has lost his legal bid to have more than half a million dollars paid to him for

Gould Wealth Management (GWM) has executed its deal to buy Vestar, but the offer is conditional on getting existing clients to sign up to a new monitoring agreement.

After months of little movement in home loan rates there has recently been a flurry of conflicting movements, making it a difficult time for people wanting to refinance or take out a new loan.

Reserve Bank Governor Alan Bollard said: "The global economy is currently experiencing significant increases in oil and food prices.

Leaders in the financial services industry were surprised to find in the Budget that the industry would be paying millions of dollars for the regulation of the sector.

The government is going to have one last attempt at trying to reach an agreement with its Australian counterpart over the use of franking credits.

Geneva Finance says that it has made its first capital repayment on schedule, following the conclusion of its capital reconstruction plan.

Planet Financial Services has appointed three new directors to its board of Directors.

SSgA achieves ETF milestone; Sirius Wealth launches specialist portfolio; Guardians of NZ Super receive Auditor General's approval; Macquarie Reflexion Trust is 'sound'; GPG not to extent partial offer for Tower; St Laurence net profit up 21.9%

The biggest story this week, I think, is the one about the government's stance on cash PIEs. There have been fears since the government didn't design the PIE regime with cash and income funds in mind, that it would change the rules.