Articles tagged with 'finance companies'
17 December 2021 - The Financial Markets Authority (FMA) has added some details around its decision to cancel the transitional financial advice provider (FAP) licence of Wisdom House Investment Partners.
29 November 2021 - A new name on the lending circuit, Xceda Finance, is actually an old company with a new mission. [With product matrix].
20 October 2021 - The Financial Markets Authority has issued its 100th full Financial Advice Provider licence.
15 October 2021 - Complaints made to FSCL have gone up in the past year but remain on the low side for health and life insurers while complaints against finance companies and lenders have dropped.
11 June 2021 - The new bill to regulate conduct of financial institutions started its second reading in Parliament yesterday and was immediately criticised by the National Party.
21 December 2019 - ANZ-owned finance company has completed the closure of its debenture programme.
The bank says election packs were sent to around 4,500 debenture holders...
27 March 2019 - One man has been jailed and two men sentenced to home detention at the Auckland High Court for their part in using finance companies to try to save commercial businesses during the global financial crisis.
7 February 2019 - Shockwaves are running through Australia’s finance industry following the Royal Commission’s damning report so how could the recommendations impact on New Zealand investors?
29 August 2017 - The trustee for failed finance company, Viaduct Capital, have settled civil proceedings filed by the FMA for $4.5 million.
This is the first time the FMA...
4 August 2017 - RE/MAX New Zealand is rebranding its finance arm which is run by Geoff Bawden.
10 November 2016 - Non-bank deposit taker Liberty Financial has had its credit rating raised by Standard & Poors.
29 March 2016 - Home loans industry gains another player as Freedom Home Loans enters the broking market.
21 December 2015 - Changes to banks’ off-quarter disclosure requirements are the subject of a new Reserve Bank proposal.
12 November 2015 - A long-running battle over what exactly lender credit fees should cover has hit the Supreme Court this week.
12 October 2015 - New Zealand’s peer-to-peer (P2P) lending scene is set to get busier, following the news that Lending Crowd received its license from the Financial Markets Authority (FMA) on Friday.
18 September 2015 - A third former director of OPI Pacific Finance (formerly MFS), Craig Robert White, has pleaded guilty to misleading investors.
White pleaded guilty to...
18 September 2015 - Two former directors of failed finance company OPI Pacific (formerly MFS) have been given sentences of community work and a fine.
Mark Lacy and Jason Maywald,...
21 August 2015 - Two former directors of failed finance company OPI Pacific Finance (formerly MFS) have pleaded guilty to charges of making untrue statements.
Mark Lawrence...
17 August 2015 - Clients of financial advisers should feel confident that the “horrible times” of the finance company collapses are gone and will not be repeated, an adviser association boss says.
10 August 2015 - Squirrel Mortgages is set to launch its peer-to-peer (P2P) lending service early next month, after receiving New Zealand’s third P2P licence from the Financial Markets Authority (FMA) on Friday.
5 August 2015 - Capital + Merchant receivers are closer to making a distribution to investors.
KordaMentha has reached a settlement with first-ranking creditors.
They...
28 July 2015 - A civil claim against Capital + Merchant Finance was unlikely to recover more of investors' money, the FMA said today as it announced it had stopped the proceedings.
6 July 2015 - An $18 million settlement negotiated with the former directors of Hanover Finance, Hanover Capital and United Finance is a better outcome than would have been achieved through court, the FMA says.
16 February 2015 - Whoever leaked information the FMA was investigating Milford Asset Management for suspected market manipulation had very good timing.
18 December 2011 - New Zealand households start saving again
14 September 2011 - The Financial Markets Authority (FMA) has confirmed it is investigating 16 collapsed finance companies involving an estimated $3.45 billion of losses.
14 September 2011 - Both the Serious Fraud Office (SFO) and the Financial Markets Authority (FMA) have laid a swag of criminal charges against three people associated with Belgrave Finance which collapsed in May 2008 owing investors about $22 million.
24 November 2009 - McDouall Stuart has praised the transparency of St Laurence for keeping its investors informed and meeting specific repayment targets as part of its moratorium arrangement, while it raised questions around the ability of Strategic Finance's ability to meet repayments.
24 November 2009 - Resurgent appetite for higher-yielding, or riskier, assets has breathed life back into a debt market left for dead a year ago.
28 October 2009 - Viaduct Capital, the finance company that was suspended by the government's deposit guarantee scheme earlier this year, has had a shake-up in its management team that has seen Bruce McKay and Richard Blackwood take over the reins.
22 October 2009 - Reserve Bank Governor Alan Bollard says that the forthcoming non-bank deposit taking prudential regulations will not be a quick fix for the industry.
20 October 2009 - Whakatane-based non-deposit taker Asset Finance is one of the first to exit the government's deposit guarantee scheme.
30 September 2009 - Strategic Finance is asking debenture holders to hope for the best as the prospect of receivership looms over the finance company amid the downturn in the property market.
16 September 2009 - OPI Pacific Finance, formerly MFS Pacific Finance, has been dealt the death blow. After 16 months sitting on moratorium row, the receivers have finally been called in.
8 September 2009 - The Parliamentary inquiry into finance company collapses will not be an avenue of redress for investors in failed ventures, rather it will focus on the issues facing investors to ensure they are well-informed.
25 August 2009 - General Finance has reported an increase in the provisioning for bad loans in its finance company, but also an increase in the quality of its book.
20 August 2009 - 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.
20 August 2009 - UPDATED: Marac’s aspirations of transforming into a bank face a hard road ahead following its downgrade by Standard & Poor’s last week.
18 August 2009 - 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.
9 July 2009 - Viaduct Capital, the finance company that was suspended from the government's deposit guarantee scheme, will reapply for the scheme and denies the Treasury's allegations of failing due diligence on certain loans.
7 July 2009 - UPDATED: South Canterbury Finance is teetering on the edge of moving into junk bond status.
16 June 2009 - Boutique wealth manager Newton Ross has raised concerns about cash Portfolio Investment Entities, or PIEs, and warned investors to make sure they've done their homework before putting their money into a cash PIE.
2 June 2009 - Investors in failed finance companies should look first to sue the directors of fraudulent finance companies when seeking damages, not the financial advisers who relied on supposedly credible prospectuses to base their recommendations, according lawyer Brian Henry.
1 June 2009 - Kiwibank happy with TD Tuesday's uptake; Vector bond sale raises $150 mln; Govt may align PIE and personal taxes
19 May 2009 - Institute of Financial Advisers president Lyn McMorran has defended the group's decision to name and shame two South Island advisers who were found guilty of breaching the institute's code of ethics.
18 May 2009 - Credit Sails costs investors; Payments delayed for Lombard investors; Dorchester cuts loss on end of year adjustments; Non-banks suffer from weak market.
13 May 2009 - For the first time the Institute of Financial Advisers (IFA) has named advisers found guilty by the organisation's disciplinary committee.
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