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.
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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.
<i>John Armstrong:</i> Key walks a tightrope over ailing finance firm
John Armstrong writes that John Key must reassure investors that their cash is safe, while minimising the taxpayers' burden.
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.
English delays trip to handle SCF fallout
Finance Minister Bill English has postponed his departure overseas to deal with stricken South Canterbury Finance.
English delays trip to handle SCF fallout
Finance Minister Bill English has postponed his departure overseas to deal with issues that could follow tomorrow's announcement on the future of South Canterbury Finance.
'No certainty' on restructure, Sth Canterbury tells NZX
South Canterbury Finance has told the NZX "there can be no certainty" its recapitalisation and restructuring proposals will be successful.
Deadline looms on $1.5b collapse bill
Taxpayers are facing a bill for $1.55bn unless South Canterbury Finance can be pulled from the brink of failure before tomorrow night.
Deal could still save SCF - Hubbard
South Canterbury Finance needs a new backer or a government bail out to avoid receivership.
Hubbard supporters appeal to PM
Supporters of businessman Alan Hubbard have written to John Key urging him to reconsider the Government's approach to inquiries into Mr Hubbard's affairs.
Finance giant on the brink of collapse
Allan Hubbard's finance company is near receivership and is understood to be in last-minute talks with the Govt and overseas investors to avoid NZ's largest corporate collapse in decades.
South Canterbury Finance trading halt likely to persist
South Canterbury Finance is likely to remain in a trading halt into next week as it awaits fresh capital.
Statutory managers confirm shortfall in Hubbard Funds
The value of some investments were overstated by at least 25 per cent.