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South Canterbury Finance

Treasury outlines deposit guarantee lessons

03 May 13, 4:15pm, Gareth Vaughan
Any new retail deposit guarantee would incorporate lessons learnt from the previous scheme and be tougher, Treasury pledges

Why don't banks offer secured deposits?

09 Apr 13, 4:10pm, Gareth Vaughan
The Govt & RBNZ aren't interested in introducing a deposit insurance scheme, but what's stopping banks offering savers secured deposits?

SCF receiver finds another NZ$125m

04 May 12, 4:31pm, BusinessDesk
Crown claws back NZ$645 million in South Canterbury Finance receivership, still over NZ$1 billion down

'Blame Kevin Rudd, he panicked'

13 Apr 12, 4:09pm, Gareth Vaughan
Former Finance Minister Michael Cullen says ex-Aussie PM Kevin Rudd to blame for NZ's broad Crown retail deposit guarantee scheme that left taxpayers' with NZ$1b bill

'Treasury have to admit they cocked up'

10 Apr 12, 4:14pm, Gareth Vaughan
It's a fair question to ask whether Treasury heads should roll over their Crown retail deposit guarantee scheme management, Labour's David Parker says

Crown guarantee 'not for running firms'

30 Mar 12, 3:00pm, Gareth Vaughan
Treasury didn't initially monitor firms in Crown retail deposit guarantee scheme as you'd expect given size of taxpayer liability, Finance Minister Bill English says

Opposition MPs target English, Treasury

Updated 29 Mar 12, 8:58am, Gareth Vaughan
Finance Minister Bill English & Treasury officials sought for questioning on the Crown retail deposit guarantee scheme

Did finco's delay info while peddling loans?

28 Mar 12, 10:42am, Alex Tarrant
Timeliness of info flow from finance companies to trustees, and from trustees to RBNZ, questioned in deposit guarantee scheme review

'Amateurish SCF missed fraud'

02 Mar 12, 1:55pm, BusinessDesk
CEO who uncovered DataSouth fraud slams South Canterbury Finance systems as amateurish; wonders why it missed 'simple fraud'

Last of the SCF five outed

13 Feb 12, 9:59am, BusinessDesk
Lawyer Ed Sullivan and retired accountant Bob White named as the last of the five charged over South Canterbury Finance by the SFO