Latest Deposit Rate News

Lombard shareholders approve plan for reverse takeover

Thursday 11 March 2010

Long-suffering Lombard Group shareholders have the opportunity to recoup a fraction of their investment in the failed financial company after approving an Australian insurance company's offer for the shell as a backdoor listing on the New Zealand stock exchange. More »

Wholesale funding guarantee no longer needed

Wednesday 10 March 2010

Trading banks will no longer have access to government-guaranteed wholesale funding after the scheme - a response to the 2008 global financial crisis - closes on April 30, Finance Minister Bill English announced today. More »

Allied's $220 million write-down may understate recoverable loans

Tuesday 9 March 2010

A $220 million writedown by Allied Farmers of its recently acquired Hanover/United investments portfolio may not necessarily result in zero value being extracted from those positions, McDouall Stuart said in its market weekly update. More »

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More News

South Canterbury sweating on liquidity

Allied looks for ways to back into guarantee scheme

Treasury questions beefed up trustee powers for Securities Commission

Perpetual Trust weighing up Strategic Finance’s future

Allied Nationwide unable to accept money at the moment

Vision put into the high risk category

Flurry of finance company ratings continues

Wrightson Finance profit down, impaired assets up

Geneva faces more trouble while NZF looks to recapitalise

Geneva considers its future - again