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Plane leak reveals South Canterbury bid
A notoriously shrewd businessman has emerged as the frontrunner to buy South Canterbury Finance.
<i>John Armstrong</i>: A textbook example of crisis management
Watching John Key and Bill English dispose of South Canterbury Finance was a bit like watching a python swallowing an antelope.
South Canterbury bailout bill: $405 each
The Govt yesterday paid $1.775bn - or $405 for every person in NZ - to take control of failed moneylender South Canterbury Finance's assets.
Rich lister's fund gets paid first
A private equity fund is to receive a $100m taxpayer-funded payout from the Govt in order to make the receivership of South Canterbury Finance run more smoothly.
SCF took more risks under govt guarantee, Maier says
South Canterbury Finance's exploiting of a Govt guarantee "violated a lot of prudent lending criteria", its CEO says.
Bad lending led to Sth Canterbury's downfall - Key
South Canterbury Finance got into trouble by lending money to people who couldn't pay it back and on assets that have no value.
Hubbard speaks out - Govt to blame
Allan Hubbard is blaming Government regulations for the failure of South Canterbury Finance.
No Sth Canterbury fire sale - English
Finance Minister Bill English says its quick payout to cover losses by South Canterbury Finance investors will mean "minimal disruption" to the wider economy.
Govt pays $1.7bn to Sth Canterbury Finance
The Government has this morning paid out $1.7 billion to cover investor losses from the collapse of South Canterbury Finance.
Govt pays $1.7bn to Sth Canterbury trustees
The Govt has already made a $1.7bn payment to the trustees of South Canterbury Finance, which today called in the receivers.
'Good and bad' news in SCF announcement
Sth Canterbury Finance chief executive Sandy Maier says an announcement that will have "good and bad" in it is due sometime after 9.30am today.
English cancels trip as Hubbard decision looms
Bill English cancelled an overseas trip and John Key last night refused to rule out an injection of taxpayer funds as the Govt grappled with the fate of South Canterbury Finance.