17

Faced with the prospect of a significant shortfall for investors of Strategic Finance, Trustee Perpetual Trust has appointed liquidators for the failed finance company on the hope of using its wider.. read more

The Reserve Bank of New Zealand's cash rate meeting on Thursday will be an interesting one with many expecting June's 25-basis-point rate hike to be followed with another similar move. read more

UDC Finance's funding from its parent ANZ National increased sharply recently and will likely pose a risk to the limits on related party transactions when stricter norms for finance companies come i.. read more

A bill seeking to set caps on high interest rates is set for its first hearing in the New Zealand parliament later today but lack of support would mean the bill may be voted down in the first instan.. read more

A charitable trust associated with Allan Hubbard, the ex-chairman of South Canterbury Finance, provided interest-free loans to a range of business people after borrowing funds from Aorangi Securitie.. read more

The New Zealand government's retail guarantee was triggered once again after a small finance company, Mutual Finance, was put under receivership by its trustees. read more

The Reserve Bank of New Zealand is proposing a tightening of some rules on corporate governance for locally incorporated banks following a review of the adequacy of these. read more

The New Zealand government for the first time published details of the costs it will incur in meeting its obligation under the retail deposit guarantee scheme up to the end of May 2010. While accoun.. read more

South Canterbury Finance has taken another step forward in its struggle to ensure its survival by hiring former senior banking executives for some key and new roles. read more

It seems the pressure that has been building in recent years for consolidation of New Zealand's highly fragmented finance sector, outside of the big banks, is starting to have an effect. read more