Allied Farmers is confident it can realise more value from Hanover’s loan books than the failed finance company can operating under its moratorium.

NZF Group boosted its first-half profitability after it wrote-back some impaired loans and got better prices for the sale of some weak assets.

Calling financial advisers "independent" is problematic and quite likely impossible as no adviser can confidently keep themselves informed of every possible product available in New Zealand's market.

Nigel Gormack has been signed up as interim chief executive of South Canterbury Finance.

Hanover investors face two choices: receivership or the Allied Farmers deal. Depositrates.co.nz compares the pros and cons of each option.

Hanover's two independent directors, David Henry and Des Hammond, have given their approval to Allied Farmer's proposal to acquire the finance company's finance assets for shares.

Hanover's two independent directors, David Henry and Des Hammond, have given their approval to Allied Farmers' proposal to acquire the finance company's finance assets for shares.

Investors better off with financial advisers: KPMG; AMP moving to fee-based model; Ombudsman keeps ANZ offer open.

NZ Association of Credit Unions gets BB rating; Bank status helps SBS boosts deposits; Dorchester buys Emerald Hotel; Lombard still hanging on for reverse takeover with ACIL; CBS Canterbury main rate mover.