22

At NZ$4.3 billion, the assets of New Zealand's largest privately owned bank, TSB Bank, pales in comparison with the largest - ANZ National - bank's NZ$115 billion. But in the 12 months to December 2.. read more

The drag to profit from corporate loan defaults is robbing ANZ of the recent, though short-lived, revival in its earnings in New Zealand. read more

St Laurence's debt for equity swap proposal didn't look convincing in the first place. So it is no surprise that the trustee, Perpetual Trust, intervened and appointed Deloitte as receivers for the.. read more

As "around the middle of 2010" draws closer, the Reserve Bank of New Zealand seems to have believed it was more appropriate to change the wording of its policy statement to suggest a rate hike can h.. read more

Another New Zealand finance company - St Laurence - seems to be on the brink of receivership even as the company makes a last-ditch effort urging its investors to swap debt for equity. read more

Mutual Finance, one of the smaller finance companies in New Zealand, is now under new ownership after a company associated with investor Paul Bublitz bought an 80 per cent stake in the company, and.. read more

Following close on the heels of the outsourcing of mortgage settlement functions to Perpetual, ANZ has outsourced some of its credit assessment tasks, but this time it has sent them offshore to ANZ.. read more

Business Finance Limited is set to tap deposits from retail investors as the company makes a fresh start after getting a combination of equity and loan injection from Australia's Liberty Financial i.. read more

South Canterbury Finance and its charging subsidiaries have 99 per cent of their total borrowings due for payment within a year, financial statements for the six months ended December 2009 show. read more

After cutting provision for guarantees for two consecutive months, the New Zealand government raised the provision in its February 2010 financial statements, and, following Strategic Finance's filin.. read more