Summerset Group Holdings, the listed retirement village, has been granted resource consent for its $80 million Wigram village, its first in Christchurch. The new site will have some 200 units, including villas, townhouses and care apartments as well as 50 hospital-level beds, the Wellington-based company said in a statement. Building will begin next month with first homes opening late next year. …

ANZ Bank New Zealand has agreed to a $19 million settlement with the Commerce Commission after an investigation into the marketing and sale of interest rate swaps to rural customers between 2005 and 2009. Under the settlement the local unit of Australia & New Zealand Banking Group will establish an $18.5 million fund to pay affected rural customers and pay …

The volume and value of cash trading on New Zealand’s stock exchange fell in November from a year earlier, with activity down across the board. The total number of trades dropped 16 percent to 118,248 in November from the same month in 2013, for a total value of trading worth $3.2 billion, down some 39 percent from a year earlier, …