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News Archive - July 2007

2 Jul 2007Deposit rates news briefs
Bridgecorp in default talks. Strategic's share offer closed and oversubscribed, PropertyfinanceSecurites to offer high yield retail bond fund, Geneva Finance gets extra $20 million in funding, Equitable and Allied Nationwide relaunch. Comment: Pricing risk or buying market share.
3 Jul 2007Hanover calls for international credit ratings
Hanover Group says all financial services companies owed it to their investors to confirm they were operating to the highest financial and prudential standards, as evidenced by an international credit rating.
4 Jul 2007Reaction to Bridgecorp collapse
St Laurence says it has no involvement, Common collapse questions, Ranking system questioned.
9 Jul 2007More Bridgecorp Briefs
MFS not looking to buy Bridgecorp assets, Receivers writing to investors, Collapse crosses Tasman
9 Jul 2007Deposit Rates Briefs
PropertyfinanceSecurities issues more rated bonds, Generator says it is not exposed to US sub-prime market.
12 Jul 2007Cricketer owes, Petricevic gone
Bridgecorp Briefs: Former Australian test cricketer big Bridgecorp borrower, Petricevic and others given boot.
12 Jul 2007Guardian Trust taking over Compass Capital
One Bridgecorp company that escaped receivership is Compass Capital. Jenny Ruth finds out what's happening with the company.
12 Jul 2007Sec Comm suspended Bridgecorp's prospectus days before collapse
The Securities Commission has revealed that it suspended Bridgecorp's prospectus three days before the company went into receivership.
16 Jul 2007Deposit rates news briefs
Fidelity bond will make first payment, Fonterra resets note rate, The Hawk collects on National Finance 2000
18 Jul 2007Belgrave aims for more conservative investors
Belgrave Finance is aiming to capture more conservative investors in the wake of the collapses of four finance companies with the launch of a new product shortly.
23 Jul 2007Rates updates and more
Latest rate movements, News for Bridgecorp investors this week, Geneva increases profit slightly, General Finance offers monthly option, Generator bonds on positive watch.
27 Jul 2007Mates rates from Instant Finance
Even before Bridgecorp collapsed, Instant Finance had decided on a different approach to marketing, offering higher interest rates on its debentures to investors introduced to it by financial advisers and relying far less on advertising.
30 Jul 2007Rates updates and more
Adverse market conditions hurting, Lombard holding extra cash. Comment: Bridgecorp and advisers.
31 Jul 2007Bridgecorp receivers have bad news for investors
Bridgecorp investors could receive anything between 25c and 74c for each dollar invested, with the wide range partly due to complex offshore investments, receivers said today.

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Rabobank 0.75
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Today's Top 5 Deposit Rates
NZCU Auckland 1.00 Success Saver
First Credit Union 0.75 Online Savings
Rabobank 0.75 Rabobank PremiumSaver - max rate
Heretaunga Building Society 0.60 On Call
NZCU Baywide 0.60 Success Saver
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