September 15, 2009

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Hi

The tough times for finance companies are not abating just yet, as this

News
Marac faces long road to bank status
Marac's aspirations of transforming into a bank have become difficult following its downgrade by Standard & Poor's last week, according to one of the rating agency's analysts. More

Westpac warns of waning rates
Although term deposit rates have risen recently Westpac is picking shorter duration rates will ease in the coming weeks. More

F&P Finance doing better than expected
Fisher & Paykel Finance managed to boost its revenue over the past year and avoid the trouble seen by some of its contemporaries by staying out of property development and sticking to consumer credit. More

BNZ and Kiwibank increase long-term TD rates
The battle for term deposit money heated up some more this week with Kiwibank and Bank of New Zealand making significant increases to rates. More