Wellington, June 23 NZPA - A $45 million payout by ING (NZ) Ltd and ANZ National Bank in a settlement with the Commerce Commission is expected to still leave investors out of pocket.

Wellington, June 22 NZPA - The Commerce Commission has reached a record settlement of $45 million for thousands of investors in two failed funds marketed by ING (NZ) Ltd and ANZ National Bank Ltd, deciding against taking a risky and potentially lengthy court case.

Wellington, Nov 3 NZPA - The financial turmoil is creating work for the Banking Ombudsman's office, which would nevertheless like to see complaints from a wider range of people.