BNZ removes PIE fees; Greenstone bond issue oversubscribed at $147 million; $27 billion missing out on interest: BNZ removes cash PIE management fee; Public Trust assigned backed Aaa deposit rating from Moody's; TrustPower launches 7 year senior bond

Bargain hunters who bet against South Canterbury Finance's had their pay-day today, with the failed financier's trustee paying out about $350 million to the listed bond holders.

Floating rates are set to rise early next year according to economists after the Reserve Bank left the Official Cash Rate unchanged at 3% and adopted a cautious tone last week.  

Before jumping into long-term fixed rates, it is useful to undertake a simple break-even analysis to see whether it is worth it according to ANZ.

Floating rates are set to rise early next year according to economists after the Reserve Bank left the Official Cash Rate unchanged at 3% and adopted a cautious tone last week.

Palmerston North

After months of uncertainty for mortgage brokers and insurance advisers, clarity has finally prevailed with Commerce Minister Simon Power announcing that voluntary authorisation is to be allowed.

Wellington

Tasman

The Government today placed into statutory management two further companies that hold assets on behalf of businesses associated with Allan Hubbard.