South Canterbury Finance is having to repay the US$100 million sourced from US investors, but is expecting to get a new credit facility of $75 million from an unnamed third party provider.

GE Money has confirmed it is keen to become a player in the credit card and deposit space, but is refusing to "lock in" a start date.

Auckland

Simon Manning has joined the AMP Adviser and Adviser Businesses Association as its new chief executive.

Accident Compensation Corp. law changes will halve proposed levy increases, says its minister Nick Smith.

The National Bank has announced across-the-board fee removals and reductions, as part of a wide-ranging fees review, benefiting customers by about $30 million a year.

Nationwide

SBS chief sees deposit war going for at least another year; Rabobank Capital Securities rate resets; BNZ five-month special ends, slashes 18-month terms and boosts 12-month

Value Fund elevates; Milestone goes for Infiniti; Capital International fund rated unaffected