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Confidence could be hit by collapse
Thursday 5th of July 2007
Specialist property financier Bridgecorp was placed in receivership on Monday after defaulting on repayments of some term investments due to investors.In total about 18,000 investors and $500 million in investments are caught up in the receivership.
S&P today said the Bridgecorp default unambiguously highlighted the need for the strengthened regulations in the New Zealand Non-Bank D...
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