Article – BusinessDesk

June 20 (BusinessDesk) New Zealand regulators will this month start monitoring financial institutions to stamp out money laundering that could be worth up to $1.5 billion. Read more »

Article – BusinessDesk

June 20 (BusinessDesk) – Solid Energy is handing over operations at its $29 million lignite briquette production plant in Mataura to GTL Energy as the financially stricken state-owned coal miner looks to exit the investment. Read more »

Press Release – CMC Markets

The Australian equities market is expected to open significantly lower today after the US Fed announced that it may put the brakes on its current quantitative easing program as early as the latter part of this year. The weaker Australian dollar, which … Read more »

Press Release – IG Markets

As expected, QE tapering is coming; as expected, $85 billion a month is here to stay in the interim; as expected, a timeline was given and as expected these changes to the current programme are conditional to the state of the underlying economy. Read more »

Article – BusinessDesk

June 20 (BusinessDesk) Diligent Board Member Services, which has been forced to deal with a slew of administrative errors, says it recognised sales in its accounts earlier than it should have. Read more »

Article – BusinessDesk

June 20 (BusinessDesk) – Rick Bettle has resigned from the board of Diligent Board Member Services, as the trial for his role at failed lender Dominion Finance looms. Read more »

Article – BusinessDesk

June 19 (BusinessDesk) – The Reserve Bank is looking at ways to bring regulatory oversight to the countrys payment systems, in whats an otherwise sound financial system, the banks head of prudential supervision Toby Fiennes says. Read more »

Press Release – Fair Play on Fees

Thousands of aggrieved bank customers have rushed to sign up to a class action against ANZ Bank in response to yesterdays announcement that court documents would be filed early next week. Read more »

Press Release – Financial Service Complaints Limited

One of the financial services industrys largest dispute resolution schemes, Financial Service Complaints Limited (FSCL), is reducing its annual fees by 10% for the 2013/14 financial year. Read more »

Press Release – Green Party

The Green Party today launched an exposure draft of new legislation to bring the Reserve Bank into the twenty-first century. The draft legislation, in the form of a Members Bill, will make the Reserve Bank Board responsible for setting the Official … Read more »

Press Release – Green Party

Internal Affairs Minister Chris Tremains package of reforms in the gaming sector do nothing to reduce the harm from gambling on pokie machines in pubs and sports clubs, Green Party gambling spokesperson Denise Roche said today. Read more »

Article – BusinessDesk

June 18 (BusinessDesk) AMP Capital Investors (New Zealand), the local unit of the Australian wealth manager, posted a 34 percent jump in fee income last year as it benefited from funds taken over from Axa Asia Pacific and improving market values. Read more »

Press Release – CMC Markets

The stage and backdrop is set. Markets, currency traders and investors alike are all waiting on the conclusion tomorrow of perhaps the most eagerly anticipated FOMC meeting for some time. The balance therein for the New Zealand dollar and its potential … Read more »

Press Release – IG Markets

The day is finally here; one of the most anticipated FOMC economic projection statements, and more importantly President Bernankes testimony is on our doorstep. Read more »

Article – BusinessDesk

June 19 (BusinessDesk) – New Zealand’s current account deficit narrowed as expected in the first quarter as volumes and prices of dairy exports rose and visitors spent more, lifting the balance on goods and services. Read more »

Article – BusinessDesk

June 18 (BusinessDesk) – ANZ Bank New Zealand, the countrys biggest lender, will defend a class suit over an estimated $250 million fees charged customers for going into overdraft, late credit card payments and bouncing cheques. Read more »

Press Release – New Zealand Government

Justice Minister Judith Collins today announced the Government will adopt a range of recommendations to better attack international and domestic organised crime networks, as part of the All of Government Response to Organised Crime. Read more »

Press Release – ANZ Bank

ANZ says it will vigorously defend claims expected to be lodged next week against bank exception/dishonour fees. Read more »

Press Release – CMC Markets

The Australian market this morning continued the pattern of recent days where it has moved in the opposite direction to US markets. This independent movement in the S&P/ASX 200 index has largely reflected action in local high yielding stocks like … Read more »

Press Release – New Zealand First Party

The National Party is turning a blind eye to the public deception in the MediaWorks Technical Receivership, says NZ First Leader Rt. Hon Winston Peters. Read more »