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Larger finance companies are moving to take up the extended guarantee scheme available to finance companies in New Zealand. read more

A year after the New Zealand government pulled off its guarantee on deposits of Viaduct Capital the company has gone into receivership, raising a question mark on prospects of survival of finance comp.. read more

The Reserve Bank of New Zealand and Westpac have agreed to a new operating model for the bank, though implementing that model requires passage of a private member's bill through parliament. read more

After over a year of investigation, the Commerce Commission has essentially concluded there's been no profit gouging by banks in New Zealand when charging break fees on mortgages. read more

The New Zealand government will have to pay up once more under its guarantee of investors in retail debentures, with receivers being appointed to tiny, Gisborne-based company Rockforte Finance. read more

Receivers of Strategic Finance suggested 28 per cent of the company's borrowers are already in a stressed financial position. read more

The New Zealand government has raised the provision for cost of default under the retail guarantee scheme by another NZ$32 million in March to NZ$881 million. This is on top of a NZ$78 million incre.. read more

Bank of New Zealand nominated risks from the commercial property and dairy farming sectors as a prime theme in the first half of the year. read more

Impairment charges at Westpac New Zealand fell in the half year to March 2010, though that was thanks to the absence of two large provisions that the bank had to make in the preceding half-year peri.. read more

Mutual Finance is offering the highest rate in the market on government-guaranteed debentures as the company seeks NZ$2 million in May. The company has filed an amended prospectus after an 80 per ce.. read more