Latest fromFinancial Services

SCF fraud trial delayed by a month
New Zealand's biggest white-collar fraud trial has been delayed a month and won't start until next March.

Bridgecorp case going to Supreme Court
The receivers of failed finance company Bridgecorp have been given leave to appeal to the Supreme Court in a stoush over an insurance policy worth up $20 million.

Small business: Rebecca Thomas - Mint Asset Management
Rebecca Thomas is chief executive of specialist boutique funds manager Mint Asset Management which has more than $220m in funds under management.

Five Star accused 'integral' - judge
A judge has found that Neill Williams, who claimed to only do work for the Five Star finance companies, was an integral part of all major decisions at the company.

Interim Retirement Commissioner named
The FMA's Diane Maxwell will be stepping across into the role of Retirement Commissioner for three months.

Brent Sheather: Long term returns?
One of the highlights of this job each year is reviewing the latest iteration of the Global Investment Returns Yearbook...

UBS to pay $1.5b for rate-rigging
Swiss banking giant UBS has agreed to pay $1.5b in fines for its role in trying to manipulate the key LIBOR interest rate.

Loans at 500pc interest
Christmas shoppers are being tempted with offers of "interest-free" cash loans before an interest rate in excess of 500 per cent kicks in.

Fiji revives Bridgecorp's resort
An abandoned Fiji resort that Bridgecorp poured $106 million into is being revived by the island nation's military rulers.