| 6 Jan 2010 | Bridgecorp receivers all but give up on Momi
Failed finance company Bridgecorp receivers have all but given up hope of clawing back any money for investors from the ill-fated Momi resort development in Fiji.
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| 6 Jan 2010 | Strategic's future in the balance
Strategic Finance will miss its first repayment to stockholders after bank debt took precedence over mum and dad investors, and will likely face a review of its moratorium.
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| 11 Jan 2010 | S&P take a wait and see approach to South Canterbury
Ratings agency Standard & Poor’s will retain its ‘wait and see’ attitude around South Canterbury Finance as the finance company undergoes an overhaul with Timaru-millionaire Allan Hubbard’s Southbury Group.
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| 12 Jan 2010 | Rates Round Up
Two fin coys that pulled out of govt guarantee yet to produce prospectuses; Marac looks to late January for non-guaranteed term deposits; Equitable offer closing; South Canterbury's five month offer.
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| 13 Jan 2010 | Fidelity pays investors after 18-month wait
Fidelity Life has paid out some $10.9 million in interest payments to about 1,400 investors after it suspended payments last year due to the global credit crunch.
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| 17 Jan 2010 | Rates Round Up
PGG Wrightson loses ground; Govt payout on Strata Finance still unclear.
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| 18 Jan 2010 | Mascot failure likely to cost taxpayers $33 million
The government is set to claw back some $33 million in the first distribution following the failure of Macot Finance, the Timaru-based finance company that is one of two entities to call on the government’s retail deposit guarantee, according to the latest receivers’ update.
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| 20 Jan 2010 | PGG Wrightson optimistic about fortunes in 2010
PGG Wrightson Finance, the finance unit of listed rural services company PGG Wrightson, expects the company's to improve through 2010 after a rough couple of years in the financial sector.
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| 24 Jan 2010 | Marac unveils non-guaranteed deposit rates
Marac Finance has unveiled its non-guaranteed deposits, which offer a strong premium for existing customers to switch over.
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| 26 Jan 2010 | SFO finance company investigations – too late?
The Serious Fraud Office says it has set a deadline of March 31 to decide whether to lay charges against those involved in four failed finance companies although it may be too late to prosecute some.
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| 27 Jan 2010 | Marchmont keeps mum on identity; Stalls on Strategic queries
UPDATED: Marchmont Securities Trust, which is offering investors in Strategic Finance as little as 10 cents in the dollar for the debenture stock, is refusing to divulge any details about itself and has stalled on answering questions about the offer.
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| 28 Jan 2010 | Geneva Finance to lose its wholesale funding
Geneva Finance is facing an uncertain future after its wholesale funder Bank of Scotland International indicated it is unlikely to extend its facility with the listed finance company.
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| 31 Jan 2010 | Finance Direct takes big steps in deposit rate competition
Finance Direct, which is partly owned by NZF, was the main mover with rates last week, while Westpac was the only bank to adjust term deposit rates.
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| 31 Jan 2010 | Rates Round Up
Asset Finance gets B rating; Meridian seeks as much as $200 million in bond offer; Fletcher Building rolls over 2010 capital notes.
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