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Two more Hubbard trusts in statutory management
Two further trusts established by Allan Hubbard have been put into statutory management, Commerce Minister Simon Power announced today.
<i>Gareth Morgan:</i> Too big to fail Kiwi style
The panic to bail out SCF reveals cracks in the economy, writes Gareth Morgan.
<i>Deborah Hill Cone</i>: An expensive lesson in snobbery
Allan Hubbard believed his self-righteous hype - sadly, so did we.
<i>Paul Holmes</i>: Nation reels from ripple effects
It was the earthquake New Zealanders have been told for years to expect. And Christchurch got it.
Allied Farmers Rob Alloway resigns
Allied Farmers chief executive Rob Alloway has resigned, following chairman John Loughlin out of a firm whose finance arm is in receivership.
Borrowers over reach themselves
Bad loans to bars, hotels, furniture makers, property investors and even a state house builder wiped out at least $100 million from South Canterbury Finance.