New Zealand Mortgage Brokers Association chairman Geoff Bawden says he is in the process of taking his business "to the next level" and is acquiring a partner in the process.

Reserve Bank governor Alan Bollard has confirmed expectations that he would leave interest rates unchanged and, while he is ruling out the likelihood of a rate cut for "some time," he also doesn’t expect to have to raise rates further.

ING New Zealand chief investment officer Rebecca Thomas has resigned after about two years in that position.

None of the economists are expecting Reserve Bank governor Alan Bollard will shift the official cash rate (OCR) this week and neither are they currently expecting a rate cut this year.

St Laurence Mortgages has deliberately built up its cash holdings both to provide it with the ability to take advantage of opportunites that might present themselves and also as a defence mechanism, chief executive Paul Chapman says.

The last three of the banks' general disclosure documents show Superbank making slight improvements in profitability and mortgage market share while ANZ/National stabilised its share but the "Unbeatable" Bank of New Zealand lost some.

The Financial Planners and Insurance Advisers Association is condemning advisers who recommended clients invest a disproportionate amount of their wealth in a single finance company.

The Financial Planners and Insurance Advisers Association is condemning advisers who recommended clients invest a disproportionate amount of their wealth in a single finance company.

ASB Bank continued to shine in the mortgage market during the March quarter and grew its profits while the government-owned Kiwibank is now probably the fifth largest player in the market, its mortgage overtaking that of HSBC's even as its profit more than doubled.

Annual house price inflation abated for a fourth month in a row, although it is still in double digits, according to Quotable Value's figures.

Dorchester Pacific founder Brent King has decided in short order that he isn’t ready for retirement and is launching a new venture, Viking Capital, which aims to be an aggressive investment company in the style of Brierley Investments in its early days.

Reserve Bank governor Alan Bollard has left interest rates unchanged, saying that although the inflation outlook has worsened, it would be wrong to counter short-term pressures with monetary policy.

Nobody is expecting any change in the official cash rate (OCR) when Reserve Bank governor Alan Bollard releases his latest monetary policy statement on Thursday but most economists believe he will cut the rate at least once before year end.

Taranaki-based TSB Bank held its share of the mortgage market steady in the March quarter while its profitability improved from a relatively depressed December quarter.

Bank of New Zealand is the clear winner in the mortgage market price war, even though its market share hasn't budged in the last year, according to managing director Peter Thodey.

Westpac New Zealand has come through the mortgage market price war much better than everyone else expected, although it has been through "some absolute highs and lows," says chief executive Ann Sherry.