Australian research house Lonsec is looking to break into the New Zealand market when it launches a web-based portal next month.

Some transactions by Strategic Finance raised question marks for the receiver, and the firm’s liquidation is not a fishing expedition, according to the trustee.

Allan Hawkins’ Budget Loans, a subsidiary of Cynotech Holdings that took on the National Finance 2000 loan book, has pleaded guilty for misleading investors.

The Commerce Commission is aiming for investors in the frozen ING funds to get 95% of their principal back after it settling with the fund manager and ANZ New Zealand last month.

The Treasury opposed Commerce Minister Simon Power’s bid to fast-track the formation of the super-regulator, saying it won’t boost investor confidence over the long-term.

The government has paid out $79.1 million to investors in three of the six failed finance companies covered by the deposit guarantee.

CBS looks to set up $100 mln securitisation programme; Fonterra capital notes interest rate resets; Irongate pays out bondholders after Bluestone injection; PropertyFinance Group to delist.

ING is waiting to see how the refinancing of Australian-based LM Investments pans out before it can make any decisions as to the future of its PPS Mortgage Fund.

PSIS is knocking on the door of an investment grade credit rating after Standard & Poor’s revised its outlook to ‘positive’.

Whakatane-based lender Asset Finance turned profitable in the year through March as it prepares for life after the government's deposit guarantee in just over two months.

Economists are predicting the housing market will stay soft for the rest of the year after Real Estate Institute data showed sales volumes stayed under pressure last month.

Controversial financier Paul Bublitz has lashed out at the decision of Covenant Trust to send Mutual Finance to the receivers, with some $1.3 million not covered by the government's guarantee.

Some $100 million in tax benefits for investors in the frozen ING funds prompted the Commerce Commission to pare back its target from a settlement.

The Code Committee has flagged it wants to align its review process with government officials.

Chairman Ross Butler told advisers at a roadshow in Wellington that the committee wants the code to bed itself in before they consider reviewing and revising it. He sees alignment with the Ministry of Economic Development's five-year review of the regime as a good idea.

The New Zealand Debt Management Office wants a September 2025 maturity date when it resumes the sale of inflation-indexed bonds to bring the securities into line with Australia.

Personal finance lender Instant Finance tripled its net profit last year as it wound down its retail deposits, and accused the government’s guarantee of distorting the market.