Wellington, Feb 9 NZPA - GE Capital has promoted former managing director of retail, Skander Malcolm, as chief executive of GE Capital Australia and New Zealand.

Wellington, Nov 4 NZPA - Westpac is underlining its commitment to New Zealand after a "challenging and disappointing" year in which the bank's cash earnings halved to $236 million.

Wellington, Nov 4 NZPA - Westpac's New Zealand division reported its cash earnings halved to $236 million in the year to September.

Wellington, March 16 NZPA - High Court proceedings today involving Bank of New Zealand and the Inland Revenue Department (IRD) are part of a process that could eventually cost the big banks an estimated $2 billion in unpaid taxes and interest.

Wellington, March 12 NZPA - The New Zealand dollar leapt when the Reserve Bank of New Zealand cut the official cash rate today by less than many investors expected.

Wellington, March 11 NZPA - The New Zealand dollar took a hit late in its domestic day from Chinese trade data.

Wellington, March 9 NZPA - The New Zealand dollar briefly spiked to a week-high near US50.90c after the release of United States job figures, but then quickly fell away.

Wellington, March 5 NZPA - The New Zealand dollar rose today as investors felt more comfortable with the global economic outlook as they anticipated China will stimulate its economy more.

Wellington, Feb 24 NZPA - Westpac has temporarily waived a credit rating compliance rule for the parent company of mortgage broker NZF Mortgages.

Wellington, Feb 18 NZPA - Australian bank Westpac says it is encountering further stress in its New Zealand business.