Finance Companies

22 Mar 18, 10:16am
Gareth Vaughan hopes UDC will be allowed to stick to its knitting whatever eventuates from ANZ's attempts to sell the finance company
20 Feb 18, 12:38pm
Heartland Bank chief financial officer says the bank remains interested in acquiring ANZ's UDC Finance, would require a capital raise to do the deal
31 Jan 18, 5:20pm
Aussie parent FlexiGroup bringing the curtain down on Fisher & Paykel Finance's long-running deposit programme with existing depositors to be repaid
17 Jan 18, 4:18pm
David Hargreaves argues that after the fiasco of the failed sale of UDC to HNA the ANZ may be keen to now quickly offload its Kiwi finance company; Heartland Bank is still interested
21 Dec 17, 1:09pm
David Hargreaves believes a sale of UDC Finance to a credible New Zealand financial institution might be the only noble way out for the ANZ after the collapse of its ill-thought-out attempt to sell the business to Chinese conglomerate HNA
14 Dec 17, 12:52pm
KPMG's annual survey of non-bank financial institutions shows a declining availability of cheap funding as one lender delivers a net interest margin as high as 22.67%
12 Dec 17, 10:14am
ANZ becomes primary source of funding for UDC's lending business with investors collectively withdrawing over $550m during the past year
1 Dec 17, 2:11pm
SBS Bank's consumer lending, via subsidiary Finance Now, surges 20% in one quarter boosted by Warehouse acquisition
28 Nov 17, 11:14am
A 'fast cash short term loan' finance company tempts investors with 10% pa for a first ranking security position, to fund loans that carry a cost of credit more than twenty times as high
27 Oct 17, 11:29am
The country's biggest bank has a 'pretty good' appetite for residential mortgage growth, CEO David Hisco says, is playing a waiting game on proposed UDC sale
14 Oct 17, 7:24am
The ANZ's not wanting to answer questions about its now protracted sales process for UDC Finance - but it will have to soon
10 Oct 17, 11:29am
David Hargreaves suggests the Australian masters of the ANZ may not have done the venerable New Zealand finance company UDC any favours by snatching at the highest price available for selling it
5 Oct 17, 4:09pm
Nearly 9 months after the sale was announced, the seller ANZ and would-be buyer HNA say there are still 'steps and processes' to work through in completing UDC Finance acquisition
12 Sep 17, 12:52pm
Warehouse financial services acquisition to take SBS Bank into credit cards and beef up its fast growing subsidiary Finance Now
11 Aug 17, 9:32am
Consumer credit contract providers celebrate successfully lobbying the Government to exempt them from new financial advice regulation 
25 Jul 17, 10:04am
SBS Bank's fast growing finance company Finance Now pushes into the credit card market with Warehouse acquisition
29 May 17, 5:02pm
UDC Finance depositors offered financial incentive to vote at key meeting ahead of proposed sale of the finance company to HNA Group by ANZ
26 May 17, 5:02am
TIP Trailer Services boss Bob Fast on the plans for NZ's biggest finance company UDC under new, Chinese ownership
28 Mar 17, 5:02am
Gareth Vaughan questions whether ANZ's gift horse HNA Group will be good for UDC Finance, its staff, borrowers, depositors, and the NZ financial services sector as a whole
23 Jan 17, 11:35am
What happened while this newsletter has been away: UDC sold, mortgage rates hiked, bank executive appointments, property market cools & more


28 Nov 16, 2:03pm
4 May 16, 10:01am
26 Apr 16, 4:35pm
30 Jun 15, 1:20pm
12 Jun 15, 11:55am
1 May 15, 12:25pm