Banking and finance
Court rules ex-bank boss liable for $1m
A former banking boss breached duties owed to a consultancy firm he helped set up, profited at its expense, and is now liable to it for more than $1 million.
Latest from Banking
Stories and analysis from The Northern Express Herald.
Venture capitalist wins seized bitcoin auction
Tim Draper has been identified as the winning bidder for a cache of 29,656 bitcoins seized from the Silk Road website and auctioned off by the US govt.
Auckland's $369 a day house price rise
Auckland house sales data for June is out, showing a slight decline in sales volumes but average sale prices up $11,088 - that's a daily price rise of $369.60.
France's BNP Paribas to pay $10b for money laundering
France's BNP Paribas has pleaded guilty to concealing billions of dollars in transactions for clients in Sudan, Iran and Cuba in violation of US sanctions.
Beware of reverse mortgages
Reverse equity mortgages are increasingly tempting to retired Aucklanders who have houses soaring in value, but little cash.
Aussie foils RBA as growth rivals kiwi, pound
Australia is forecast to be among the fastest-growing economies this year, making it harder for the central bank to convince currency investors it won't raise interest rates.
Dollar touches 2-month high
The Kiwi dollar touched a two-month high overnight, approaching 87.50 US cents, after a measure of Chinese manufacturing was stronger than expected
Interest rates cited as drag on mall landlord
Morningstar has released a bearish analysis of giant landlord Kiwi Income Property Trust.
