Christchurch

Speculation has been rife recently that the Bank of New Zealand plans to re-enter the mortgage broking market.

The manager for Macquarie Fortress Notes has reduced the portfolio's leverage by selling US$23.7 million worth of senior secured loans.

Deposit Rates News Briefs; Latest interest rate changes, NZ Finance says flows good post Bridgecorp collapse, Asset Finance looks to rate, Creditors give Australian Bridgecorp directors a chance. Comment: Bridgecorp report amazing reading.

Dunedin

Auckland

Tauranga

Hamilton

Auckland

Advisory firm warning on research houses, New commodities fund, Mercer outsources Super Trust functions.

Tower Health & Life has lowered the majority of its Stand Alone Trauma and Permanent Disability premiums as part of a drive to provide affordable living insurance to New Zealanders. Premiums for some ages and sums insured have decreased by more than 50%.

The Weekly Wrap is a round up of all news and events during the past week.

A Green Party study of 25 KiwiSaver providers shows only one could be reasonably described as providing a "responsible investment" option for the public.

The report presented by Bridgecorp's receivers on the state of the collapsed company is extremely different to the one the failed finance firm's management were telling advisers recently.