HOT TOPICS:   Election 2014  |    China   |  Peer-to-peer lending                                        RESOURCES:    Economic calendar   |  Median multiples

The comment stream

Reader poll

About the same.
24% (56 votes)
Better off.
21% (50 votes)
Much worse off.
19% (45 votes)
Much better off.
18% (43 votes)
Worse off.
17% (40 votes)
Total voters: 234

Older polls

City Savings Bank

How a 'bank' became Friends Mutual

UK owned NZ offshore finance company City Savings 'Bank', formerly 'a bank with a small b', changes its name to Friends Mutual & continues offering up to 8.05% to offshore punters

How you too could have a NZ 'bank'

The entities peddling unregulated NZ offshore finance companies, some of which have been involved in illegal activities, tout their benefits & recommend their favourite banks

FMA moves on City Savings 'Bank'

Financial Markets Authority confident of forcing changes on entity outed by for wrongly claiming NZ govt authorisation to raise money from public overseas

Govt's plan for pretend banks & other charlatans

After gun running, Ponzi scheme & fake bank shenanigans by NZ registered firms overseas, govt says 'programme of work' will crack down on them. But it won't change world's easiest company rego rules

'MED's rubber stamp an embarrassment'

An open letter to Economic Development Minister Steven Joyce & MED CEO David Smol urging a tougher stand on NZ registered companies that bring NZ's good name into disrepute  

RBNZ warns on City Savings 'Bank'

RBNZ issues warning of bogus NZ 'bank' after story outs it; Says it's not licensed or supervised by any NZ authorities; MED doesn't share concern

Bogus NZ-based 'bank' open for business

City Savings Bank, 'a bank with a small b,' sets up HQ on Queens (sic) St without RBNZ approval after registering as a company and financial services provider; RBNZ to 'make enquiries'