Finance News

ANZ National cuts mortgage rate

21 Nov 2008 13:18NZPA
ANZ National Bank and ASB are cutting their variable home loan rate to 8.7 percent from 9.45 percent. more...

Brook Asset Management makes appointments

21 Nov 2008 12:37NZPA
Brook Asset Management say Slade Robertson will join the business as a senior portfolio manager, and Andrew Mortimer will join as a senior research analyst. more...

Tower profit jumps 17 percent

21 Nov 2008 10:27NZPA
Insurer and fund manager Tower posted a 17 percent rise in full year net profit after tax to $40.5 million. more...

Five creditors support property developer

21 Nov 2008 08:01NZPA
As the battle to bankrupt property developer Andrew Krukziener returned to court, five of his creditors came out in support of him. more...

Banks cut mortgage rates ahead of OCR decision

20 Nov 2008 15:54NZPA
Banks moved today to aggressively cut mortgage rates ahead of the Reserve Bank of New Zealand's monetary policy statement on December 4. more...

Hanover aiming to repay $550m principal over five years

20 Nov 2008 15:06NZPA
Hanover Finance is aiming to repay nearly 16,400 secured deposit investors their principal of more than $550 million within five years, under a debt restructure proposal. more...

Hanover Finance aims to repay most investors within five years

20 Nov 2008 11:10NZPA
Hanover Finance is aiming to repay most of hundreds of millions of dollars it owes investors within five years, under a debt restructure proposal announced today. more...

Westpac cuts home loan interest rates

20 Nov 2008 10:44NZPA
Westpac has cut its floating and most fixed interest rates for home loans by 0.75 percent. more...
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