Boston Finance has been put into receivership less than a week after it was supposed to have repaid all of the money it owed to investors.

Hanover investors will have to make a decision whether to approve the company's proposed debt-for-equity swap with Allied Farmers.

Finance company Boston Finance, one of the many currently in a moratorium, has finally been put into receivership.

The $400 million deal by Allied Farmers to buy assets from Hanover Finance has been greeted with scepticism.

Hanover owners Eric Watson and Mark Hotchin are tipped to come off well from a proposed deal to bail out investors.

Treasury has tweaked the retail deposit scheme to help companies wean themselves off Crown support.

Allied Farmers has signed an agreement with Hanover Finance and its subsidiary United Finance worth approximately $400 million.

$4 billion funds management firm Alliance Bernstein has confirmed it is "relocating" out of New Zealand.

Some tightening of tax rules surrounding property is inevitable, ANZ economists say.

Hanover investors' $500 million is tied up in a vast spread of partly built luxury housing estates and resorts - one still a hole in the ground.