http://www.nzherald.co.nz/ Latest Banking headlines from nzherald.co.nz en-nz Copyright 2010 APN HOLDINGS NZ Fri, 19 Mar 2010 12:00:12 +1200 http://blogs.law.harvard.edu/tech/rss APN RSS Generator webnews@nzherald.co.nz webmaster@nzherald.co.nz http://www.nzherald.co.nz/images/nz_little_logo.gif http://www.nzherald.co.nz/banking/news/headlines.cfm?c_id=126 http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&objectid=10632964&ref=rss If it wasn't for Bernie Madoff, Stephen Versalko could still be stealing millions.The largest employee theft in New Zealand history was discovered only after an ASB Bank client saw a television show about Madoff, America's US$50... newsfeeds@nzherald.co.nz Fri, 19 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&objectid=10632960&ref=rss A victim of Stephen Versalko's $17.8 million fraud has spoken of the day she was told he had been "naughty" and had defrauded her and 25 other investors out of millions of dollars.Speaking after Versalko was sentenced to six years... newsfeeds@nzherald.co.nz Fri, 19 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&objectid=10632827&ref=rss The banking ombudsman has warned people using eftpos and cash machines to take care to hide their personal identification (PIN) numbers, following an increase in complaints to the office.It seemed many people weren't reading the... newsfeeds@nzherald.co.nz Thu, 18 Mar 2010 15:04:08 +1200 http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&objectid=10632801&ref=rss The investment adviser who stole $17.7 million from his wealthy ASB clients called himself "Mr Invincible" when investigators caught up with him.Stephen Gerard Versalko was sentenced to six years in prison after admitting the... newsfeeds@nzherald.co.nz Thu, 18 Mar 2010 15:00:00 +1200 http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&objectid=10632632&ref=rss The Lehman Brothers employee who raised a red flag over the accounting trick that allowed the bank to hide the size of its bloated balance sheet was fired just weeks after making the complaint.Matt Lee emerged as the sole hero... newsfeeds@nzherald.co.nz Thu, 18 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&objectid=10632631&ref=rss Greece won some respite from financial market pressure yesterday as ratings agency Standard & Poor's took the country off credit watch for a possible downgrade - a day after eurozone governments laid out a vague blueprint for possible... newsfeeds@nzherald.co.nz Thu, 18 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&objectid=10632555&ref=rss The New Zealand sharemarket gained in early trading following a rally by stocks in the United States, after the US Federal Reserve kept monetary policy newsfeeds@nzherald.co.nz Wed, 17 Mar 2010 11:11:09 +1200 http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&objectid=10632529&ref=rss An in-demand New Zealand dollar continued to strengthen overnight after the boost it received yesterday when softer-than-expected words from Australia's central bank put the timing of the next rate rise across the Tasman in doubt.The... newsfeeds@nzherald.co.nz Wed, 17 Mar 2010 09:05:02 +1200 http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&objectid=10632521&ref=rss WASHINGTON - The US Federal Reserve has repeated its pledge to hold interest rates at record lows to foster the US economic recovery and ease high unemployment.But the Fed's assessment of the economy was a bit more upbeat. It... newsfeeds@nzherald.co.nz Wed, 17 Mar 2010 08:24:29 +1200 http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&objectid=10632323&ref=rss The New Zealand dollar made modest gains against the euro and fell against the yen overnight, with the European currency weighed down by a lack of concrete progress on a financial aid package for debt-strapped Greece.Concerns... newsfeeds@nzherald.co.nz Tue, 16 Mar 2010 09:06:17 +1200 http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&objectid=10632227&ref=rss WASHINGTON - The senator trying to rewrite America's financial industry rules is dropping plans to create a standalone consumer financial protection agency and give a single regulator the power to oversee all banks.Backing away... newsfeeds@nzherald.co.nz Tue, 16 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&objectid=10632187&ref=rss Farm prices and sales volumes have collapsed in the last two years as the withdrawal of easy bank lending has dried up farmers' appetites for capital gains, fresh figures show.The slump in the number of transactions is expected... newsfeeds@nzherald.co.nz Mon, 15 Mar 2010 13:50:25 +1200 http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&objectid=10632153&ref=rss The New Zealand dollar spiked up against major currencies when the market opened today, supported by weekend media reports suggesting Eurozone members had worked out a bailout deal for Greece.After being around US70.10c for the... newsfeeds@nzherald.co.nz Mon, 15 Mar 2010 09:10:50 +1200 http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&objectid=10632072&ref=rss The fate of one of New Zealand's largest KiwiSaver providers remains up in the air after Australia's competition watchdog decided it needed more time to examine the bids for Axa Asia Pacific Holdings.AXA, which has a significant... newsfeeds@nzherald.co.nz Mon, 15 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&objectid=10631709&ref=rss JPMorgan Chase and Citigroup helped cause the collapse of Lehman Brothers by demanding more collateral and changing guarantee agreements, the bankrupt bank's examiner said yesterday in a report."The demands for collateral by Lehman's... newsfeeds@nzherald.co.nz Sat, 13 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&objectid=10631696&ref=rss SYDNEY: The biggest expansion of Australian working hours since 1998 may cause job gains to reaccelerate in coming months, forcing the central bank to raise interest rates higher than what Governor Glenn Stevens calls a neutral level.Aggregate... newsfeeds@nzherald.co.nz Sat, 13 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&objectid=10631545&ref=rss Good news was released this week , we, the taxpayers, creamed almost $300 million out of financial institutions during the recently-forgotten global newsfeeds@nzherald.co.nz Fri, 12 Mar 2010 09:39:48 +1200 http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&objectid=10631540&ref=rss The New Zealand dollar was bobbling around the US70c mark at 8am today, having dropped to about US69.65c a few hours earlier, its lowest point after tumbling yesterday on the Reserve Bank's no change scenario for interest rates.The... newsfeeds@nzherald.co.nz Fri, 12 Mar 2010 08:59:44 +1200 http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&objectid=10631496&ref=rss Inflation could approach 5 per cent over the year ahead if GST rises to 15 per cent, Reserve Bank forecasts imply.The inflation rate is 2 per cent now and the bank warned yesterday that the impact of the emissions trading scheme... newsfeeds@nzherald.co.nz Fri, 12 Mar 2010 04:00:00 +1200 http://www.nzherald.co.nz/banking/news/article.cfm?c_id=126&objectid=10631492&ref=rss Customers won't have to pay the excess on burglary claims at BNZ if they buy a product to mark their property which aims to prevent the goods going walkabout.The SelectaDNA kits, which have been on sale at the bank since last... newsfeeds@nzherald.co.nz Fri, 12 Mar 2010 04:00:00 +1200