Prime Minister John Key was called a liar when he fronted a meeting in Timaru last night packed with vocal Allan Hubbard supporters. The PM was forced to defend the Govt's handling of South Canterbury Finance to a bositrous 500-strong crowd

NZ fund managers rated the most stink in the world by Morningstar.

Australia's The Trust Company Ltd has completed its $42 million acquisition of The New Zealand Guardian Trust Co from Brisbane-based life insurer, Suncorp-Metway.

The receivers of Equitable Mortgages say it's too soon to say how much of the property lender's $188.4m worth of loans they are likely to recover.

Mark Hotchin is emotionless and lacks real empathy with the investors who have been left out-of-pocket.

Former Hanover Finance head Mark Hotchin is trying to resurrect his career from his new base on the Gold Coast, despite an order that has frozen all his personal assets.

"Mistakes have been made which the board and management acknowledge," Alloway told shareholders.

The Serious Fraud Office has laid more than 100 charges against four former directors of failed lender Five Star Finance, carrying a maximum penalty of seven years apiece.

Rules governing the new super regulator may have to be changed soon after it is established.

The Securities Commission has pressed charges against directors of Dominion Finance and North South Finance over allegedly misleading offer documents.

The biggest shake-up of fundamental securities law in a generation is under way, with Simon Power issuing a new discussion document.