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Finance Companies

The Auckland-based non-bank deposit taker FE Investments, which went under last year owing investors $55 mln, may face action from the liquidators
23rd Aug 21, 9:54am
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The Auckland-based non-bank deposit taker FE Investments, which went under last year owing investors $55 mln, may face action from the liquidators
UDC Finance CEO Wayne Percival says new Japanese owner Shinsei Bank is a long-term investor looking for growth in New Zealand
18th May 21, 6:34am
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UDC Finance CEO Wayne Percival says new Japanese owner Shinsei Bank is a long-term investor looking for growth in New Zealand
Non-bank mortgage lender Basecorp Finance borrowing $250 million through an issue of residential mortgage backed securities as it eyes ongoing growth
11th Mar 21, 8:00am
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Non-bank mortgage lender Basecorp Finance borrowing $250 million through an issue of residential mortgage backed securities as it eyes ongoing growth
UDC Finance posts 10% drop in annual profit as sale to Japan's Shinsei Bank from ANZ goes through
9th Dec 20, 10:13am
UDC Finance posts 10% drop in annual profit as sale to Japan's Shinsei Bank from ANZ goes through
UDC says Shinsei Bank’s strong funding, international experience and reach, coupled with its deep asset finance experience, will be a real advantage in accelerating the growth of UDC in New Zealand
1st Sep 20, 12:02pm
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UDC says Shinsei Bank’s strong funding, international experience and reach, coupled with its deep asset finance experience, will be a real advantage in accelerating the growth of UDC in New Zealand
Kiwibank chief economist Jarrod Kerr walks through the concept of a negative OCR, what it will mean for borrowers, savers, lenders, the government and the NZ$, and where we might go from there
25th Aug 20, 2:48pm
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Kiwibank chief economist Jarrod Kerr walks through the concept of a negative OCR, what it will mean for borrowers, savers, lenders, the government and the NZ$, and where we might go from there
David Hargreaves says ANZ could never fully redeem itself after what has been a tortuous sale of UDC Finance - but the final outcome is about as good as could be imagined in the circumstances
3rd Jun 20, 11:00am
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David Hargreaves says ANZ could never fully redeem itself after what has been a tortuous sale of UDC Finance - but the final outcome is about as good as could be imagined in the circumstances
ANZ announces sale of asset financier UDC to Japan's Shinsei Bank, which says UDC will continue to grow and contribute to the development of the NZ economy
2nd Jun 20, 12:09pm
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ANZ announces sale of asset financier UDC to Japan's Shinsei Bank, which says UDC will continue to grow and contribute to the development of the NZ economy
Finance company FE Investments in receivership with KordaMentha appointed receiver, problems began well before COVID-19
2nd Apr 20, 3:28pm
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Finance company FE Investments in receivership with KordaMentha appointed receiver, problems began well before COVID-19
Chapman Tripp outlines how 'neobanks' could enter the New Zealand market, potentially shaking up the local financial services sector
17th Mar 20, 9:50am
Chapman Tripp outlines how 'neobanks' could enter the New Zealand market, potentially shaking up the local financial services sector
After the Overseas Investment Office killed ANZ's UDC Finance sale in 2018, could financial markets turmoil do the same this year?
12th Mar 20, 8:00am
After the Overseas Investment Office killed ANZ's UDC Finance sale in 2018, could financial markets turmoil do the same this year?
Australian Financial Review report suggests two US private equity giants are duking it out for UDC Finance as ANZ looks to sell the Kiwi finance company
20th Feb 20, 11:06am
Australian Financial Review report suggests two US private equity giants are duking it out for UDC Finance as ANZ looks to sell the Kiwi finance company
Financial Markets Authority says peer-to-peer lending was designed to provide a new investment opportunity for New Zealanders, and continues to do so despite Harmoney quitting the retail investor market
14th Feb 20, 9:42am
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Financial Markets Authority says peer-to-peer lending was designed to provide a new investment opportunity for New Zealanders, and continues to do so despite Harmoney quitting the retail investor market
Heartland's not commenting on speculation it's one of the shortlisted parties vying to buy UDC from ANZ - but it has long been an admirer of the business
24th Jan 20, 8:30am
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Heartland's not commenting on speculation it's one of the shortlisted parties vying to buy UDC from ANZ - but it has long been an admirer of the business
Gareth Vaughan suggests Kiwibank buying ANZ's on-the-block finance company UDC could be a good deal for both the state owned bank and New Zealand Inc
22nd Jan 20, 9:58am
Gareth Vaughan suggests Kiwibank buying ANZ's on-the-block finance company UDC could be a good deal for both the state owned bank and New Zealand Inc
Annual financial statements from ANZ's UDC Finance refer to 'various notices and requests for information from its regulators as part of both industry-wide and UDC-specific reviews'; Spokeswoman only points to ComCom case
16th Dec 19, 9:56am
Annual financial statements from ANZ's UDC Finance refer to 'various notices and requests for information from its regulators as part of both industry-wide and UDC-specific reviews'; Spokeswoman only points to ComCom case
Commerce Commission says telecoms retail sector providers generated highest number of complaints, while there were also considerable numbers of complaints about online ticket selling
21st Nov 19, 10:46am
by admin
Commerce Commission says telecoms retail sector providers generated highest number of complaints, while there were also considerable numbers of complaints about online ticket selling
Ex-RBNZ director Suzanne Snively, now chairing the RBNZ Act review advisory panel, explains to Gareth Vaughan where she feels the 1989 RBNZ Act went wrong and why she's keen for a broader approach today
23rd Aug 19, 5:00am
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Ex-RBNZ director Suzanne Snively, now chairing the RBNZ Act review advisory panel, explains to Gareth Vaughan where she feels the 1989 RBNZ Act went wrong and why she's keen for a broader approach today
Aotea Finance will pay thousands of customers after a settlement with the Commerce Commission due to credit contracts not including all the key information required under the Credit Contracts and Consumer Finance Act 2003
17th Jul 19, 11:35am
Aotea Finance will pay thousands of customers after a settlement with the Commerce Commission due to credit contracts not including all the key information required under the Credit Contracts and Consumer Finance Act 2003
ANZ's NZ vehicle and asset finance provider subsidiary UDC Finance has reported another rise in interim earnings as it mulls a return of funds to investors later this calendar year
3rd Jul 19, 5:00am
ANZ's NZ vehicle and asset finance provider subsidiary UDC Finance has reported another rise in interim earnings as it mulls a return of funds to investors later this calendar year
David Hargreaves ponders the unanswerable question of how much money is desirable for a comfortable retirement
11th Feb 19, 1:54pm
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David Hargreaves ponders the unanswerable question of how much money is desirable for a comfortable retirement
Auckland-based non-bank deposit taker FE Investments is pushing ahead with plans to offer retail deposits in Australia after major shareholders tipped in more capital
4th Feb 19, 2:52pm
Auckland-based non-bank deposit taker FE Investments is pushing ahead with plans to offer retail deposits in Australia after major shareholders tipped in more capital
The New Zealand finance company ANZ has strenuously tried to sell keeps producing the goods; after tax profit rises 6% to $65.3 million
12th Dec 18, 4:10pm
The New Zealand finance company ANZ has strenuously tried to sell keeps producing the goods; after tax profit rises 6% to $65.3 million
Auckland-based non-bank deposit taker FE Investments has reissued its annual accounts after failing to disclose payments received by directors through another company they control
9th Nov 18, 5:00am
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Auckland-based non-bank deposit taker FE Investments has reissued its annual accounts after failing to disclose payments received by directors through another company they control
ANZ NZ CEO David Hisco eyes growth opportunities for the to be retained UDC, expects work list of things to do from FMA & RBNZ report on bank conduct & culture
1st Nov 18, 11:53am
ANZ NZ CEO David Hisco eyes growth opportunities for the to be retained UDC, expects work list of things to do from FMA & RBNZ report on bank conduct & culture