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Market confidence lifts private equity returns
Surging investor confidence and reasonable share prices are letting private equity investors make some decent returns.
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Retail deposit scheme modified
Treasury has tweaked the retail deposit scheme to help companies wean themselves off Crown support.
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$4b funds manager to leave NZ
$4 billion funds management firm Alliance Bernstein has confirmed it is "relocating" out of New Zealand.
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Five Star investors look to sue directors
Investors owed $42 million after the collapse of the Five Star Finance group of companies are looking at suing the directors.
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Bollard slams banks for 'risky mortgage practices'
Reserve Bank Governor Alan Bollard has issued a warning to banks about the perils of approving high-risk mortgages.
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AMP bids to create fund giant with Axa
AMP's A$11 billion bid to acquire rival Axa Asia Pacific may create New Zealand's largest fund manager.
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ASB says conditions tough, ups deposit rates
Operating conditions remain difficult for ASB in the current economic climate, the bank's Australian parent said today.
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Financial advice problems being addressed, says Govt
Changes the Government is making will improve the standard of the financial advice industry, Commerce Minister Simon Power says.
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Some financial advisers 'still shoddy as ever'
A Consumer NZ investigation of financial advisers has found the advice being given was "scandalously poor".
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Westpac misery blurred by poor data, says analyst
Westpac suffered a shocker of a year in New Zealand on mushrooming bad debt charges and a massive tax bill.
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Lukewarm response to home loan top-ups
Only a small portion of the Government's allocated $18.4 million to help modest income-earners buy houses has been taken up.
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Kiwi Income considers $150m capital raising
Kiwi Income Property Trust is considering raising $100 million to $150m, primarily to reduce debt.