Bernard Hickey details the key news overnight in 90 seconds at 9 am in association with BNZ, including news that Bridgecorp Chairman Bruce Davidson is appealing a ban on him being a director for 5 years.
The Dominion Post reports Davidson's lawyers are arguing he didn't know what was happening at the company and he didn't have the accounting skills to understand if fraud was taking place.
Davidson still faces criminal and civil charges from the Securities Commission in his role in Bridgecorp, which has lost NZ$458.7 million owed to 18,000 investors, according to our Deep Freeze list.
Meanwhile, the campaign group for investors in ING's two frozen funds has called for a petition to Parliament to strip ANZ's ING of its default KiwiSaver status, BusinessDay's Marta Steeman reported.
However, Commerce Minister Simon Power has rejected the call, saying the two ING funds were separate from KiwiSaver funds.
Meanwhile, in the United States, the world's biggest insurance broker AON, has bid US$4.9 billion in cash and shares for consulting firm Hewitt Associates.
The Dow rose 0.1% and the New Zealand dollar was firm around 71 USc.
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