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News Archive - June 2012

5 Jun 2012Rates round-up: June 5
South Canterbury Finance taken over; concern over new finance company law; Government bond yields fall again; Bridgecorp trial to be cancelled?
5 Jun 2012GFNZ to release new prospectus; S&P puts it on negative credit watch
GFNZ Group, formerly Geneva Finance, should have a new prospectus in the market aimed at attracting new debenture funding within the next couple of weeks.
11 Jun 2012Rates round-up: June 11
Liquidators appointed to South Canterbury Finance; Five Star Finance director avoids jail; bond yields, deposit rates continue to fall
14 Jun 2012GFNZ (Geneva Finance) narrows annual loss
GFNZ Group, formerly Geneva Finance, has narrowed its annual loss as losses from its old ledgers diminished and profits from its new business model doubled.
18 Jun 2012Rates round-up: June 18
Lombard receivers lower payout forecast; Kiwibank credit rating higher than big four; Rabobank downgraded BNZ completes $200m bond issue
25 Jun 2012Rates round-up: June 25
S&P lowers Co-op Bank outlook; ANZ to repay bonds early; Five Star ‘shadow director' trial delayed
26 Jun 2012Graeme Wheeler to replace Bollard at Reserve Bank's helm
Former World Bank and New Zealand Treasury official Graeme Wheeler will succeed Alan Bollard as governor of the Reserve Bank of New Zealand.
28 Jun 2012Receivers to get Nathans directors' $885,000 reparations
The $885,000 Nathans Finance directors were ordered to pay in reparation will go the the receivers for the benefit of all out-of-pocket investors, a High Court judge has ruled.

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Today's Best Bank Rates
Rabobank 1.75
Based on a $50,000 deposit    More Rates »
Today's Top 5 Deposit Rates
InstitutionRateProduct
NZCU Auckland 2.50 Success Saver
First Credit Union 2.00 Online Savings
Nelson Building Society 2.00 Lifestyle On-Call Account
Rabobank 1.75 Rabobank PremiumSaver - max rate
Heretaunga Building Society 1.70 On Call
Based on a $50,000 deposit    More Rates »
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Institution Rate 30% 33%
ANZ 0.10 0.10 0.11
ASB Bank 0.10 0.41 0.42
ASB Bank 0.10 0.59 0.56
ASB Bank 0.10 0.61 0.64
ASB Bank 0.15 0.66 0.69
ASB Bank 0.20 0.72 0.75
BNZ 0.10 0.10 0.10
Heartland Bank 1.00 2.59 2.70
Kiwibank 0.30 0.77 0.88
Kiwibank 0.90 1.81 1.89
Nelson Building Society 3.75 3.90 4.08
SBS Bank 1.50 - -
TSB Bank 0.90 1.64 1.71
Westpac 0.35 0.36 0.38
Westpac 0.05 0.10 0.11
Westpac 1.40 2.16 2.26

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