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Latest Deposit Rate NewsOPI's receivers struggling to collect on parent's guarantee Tuesday 15 May 2012 OPI Pacific Finance's receivers aren't having much luck in collecting on supposed guarantees provided by its Australian parent. In their latest statutory report, Colin McCloy and Maurice Noone of PricewaterhouseCoopers say they have claimed A$418 million (NZ$536.2 million) from Octaviar, OPI's Australian parent company, and an Octavier subsidiary, both of which are in liquidation themselves. The More » Monday 14 May 2012 Term deposit rates fall; Asset Finance remains in limbo; Govt bond sale fails More » Monday 7 May 2012 SCF fraudster sentenced; local government bonds popular; bank funding requirements change More » SCF receivers repay govt a further $125m Friday 4 May 2012 South Canterbury Finance's (SCF) receivers realised a further $148.2 million from asset sales and loan collections and repaid the government a further $125 million in the six months ended February 29. More » Special Offers
Please note: Institutions pay to have their interest rates listed on this page. These offers are usually for a limited time. Please check with the institution direct to confirm details. More NewsFMA’s case against Hanover revealed Lombard directors appeal convictions Heartland edges toward meeting annual profit forecast High Court temporarily freezes NZF Group's assets NZF Money's receivers sue, allege insolvent transaction Bridgecorp directors found guilty Bank debt issues could be raging buys Allied Farmers granted another year's life by finance coy receivers Hujich family sells NZF Group shares NZF likely to convert its $18m capital notes to equity Fortress wins with Capital + Merchant; investors lose NZF Money's investors likely to receive 25c to 42c in the dollar Heartland says NZ needs greater control of its finance industry Blue Star unlikely to meet forecasts, may breach banking covenants |
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