Viaduct loses guarantee 21 April 2009 4:27PM Treasury announced late yesterday it had withdrawn the government guarantee from Auckland-based property financier Viaduct Capital. Treasury said the New Zealand government had withdrawn the guarantee.. read more
Bollard cautions banks on business rates 02 March 2009 5:06PM Alan Bollard, governor of the Reserve bank of New Zealand, again called on banks to pass on cuts in wholesale interest rates to customers, saying they had profited from the good times and should not s.. read more
Westpac waives insurance for NZF Mortgages 25 February 2009 5:03PM Finance company group NZF announced to the NZX that Westpac gave it a 60-day waiver for a breach in the requirements for NZF Mortgage's NZ$200 million lending facility with Westpac. The breach followe.. read more
Hanover connection won't infect FAI Finance 25 February 2009 5:02PM Treasury said on Tuesday it was confident the now government-guaranteed FAI Finance was quarantined from any problems with its owner, the Mark Hotchin-controlled Hanover Finance. read more
Institutional lifts BNZ profits 20 February 2009 5:51PM Bank of New Zealand reported a rise of 43 per cent in pre-tax profit to NZ$369 million for the December 2008 quarter over the same quarter a year ago, largely due to a tripling of profit from its BNZ.. read more
Bollard reads riot act to banks and business 11 December 2008 6:08PM Reserve Bank of New Zealand governor Alan Bollard has sent an unusually strong message to banks, local government and electricity companies that they should help the economy recover by lowering profit.. read more
20pc deposits required by ANZ National 27 November 2008 5:46PM New Zealand's largest banking group, ANZ National, announced a tightening of its lending criteria for home loans, citing "the increasingly complex financial environment and the continued softening of.. read more
Debentures attract savers once more 27 November 2008 5:36PM Investors are beginning to seek out finance companies still offering a high yield and also enjoying a guarantee from the New Zealand government. read more
St Laurence wants to trade on and on and on 20 November 2008 5:29PM St Laurence this week released details of its repayment and restructure plan that includes the prospect of capital notes holders not being fully repaid until 2034, while debenture holders would not be.. read more
Podmore gives and takes 20 November 2008 5:25PM One curious aspect of St Laurence's planned recapitalisation and extended repayment plan (stretching over 13 years) is buried in the body of the 112 page plan dispatched to investors this week. The Ne.. read more