Palmerston North

Standard and Poor's says it has placed Geneva Finance's B+ credit rating on CreditWatch with negative implications.

Dunedin

Spicers' latest Household Savings Indicators show the net worth of the average New Zealand household increased by $8,700 during the June 2007 quarter and reached $375,200, up $40,800 for the year.

Claims at Southern Cross Medical Care Society were $418 million in the 12 months to 30 June 2007, a $20 million increase over the prior financial year.

The New Zealand Mortgage Brokers Association named its top brokers for 2007 at its annual conference in Rotorua on the weekend.

Weekly Rate Change Report: Banks continue to put pressure on finance company rates in the one year maturity term, but are dropping rates for longer durations.

Five Star Consumer Finance update, trustee supports changes, Credit crunch letter responses, Govt increase T-Bill tender, More Kauri Notes likely. Comment: Regulation won't save companies (or investors).

Dunedin

Wellington

Christchurch

Lee aims at advisers and talks lawsuits, Survey shows rates expected to be held, Kauri Notes offer gets away, PIS looking to buy, PIE loophole closed. Comment: Regulation won't save finance companies (or investors).

Christchurch

If advisers think they have had a rough time, I expect they can batten down for a bunch of even more, negative publicity.

Sharebroker and finance company adviser Chris Lee says in his latest newsletter that he has had a flood of correspondence from people who allege they have had poor advice over their investments.