Hanover calls in lawyers on Allied Farmers
Hanover Finance has called in the lawyers to pursue Allied Farmers over allegedly attempting to "evade various contractual obligations to Hanover."
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Sth Canterbury auditor fined and censured
The Ashburton-based auditor of Sth Canterbury Finance, Byron Pearson, has been censured and fined $38,000 by the Institute of Chartered Accountants.
Wall St steeled for more FBI insider trading raids
The FBI is planning further raids on hedge funds suspected of involvement in an insider trading scam, as a three-year investigation enters its final stages, with prosecutors aiming to make arrests and lay charges within the next few weeks.
Property developer Fontein declared bankrupt
Auckland property developer Patrick Fontein has been declared bankrupt.
Fletcher and Contact Energy gain as market rises
Trading in Pike River Coal shares was suspended and trading in the shares of its biggest shareholder New Zealand Oil & Gas (NZOG) was halted yesterday as the investment community extended their sympathies and also waited for news.
Mark Hotchin may face charges
The Securities Commission has nearly completed their inquiry into the Hanover Group and may lay criminal charges in the new year.
Kiwibank cuts rates to spark quiet property market
Kiwibank has cut its 2 year fixed mortgage rate to 6.59pc, to try and spice up housing demand.