Higher interest rates and an economic shock could be in store for Kiwis if US debt crisis talks fail.

Academic says it's important for banks to be seen as socially responsible.

Two companies associated with Terry Serepisos have been placed in receivership.

New Zealand house prices appear to be overvalued by up to 25 per cent, the International Monetary Fund says.

The banks are desperate to lend...

More than half of New Zealand's $168.2b of mortgages are now on floating rates, says the Reserve Bank.