Latest from Personal Finance

No backdating Octaviar

<i>Editorial</i>: Receivership right path for South Canty

Risky loans followed guarantee

Market takes collapse in stride

<i>Liam Dann</i>: Hey Mr Key, tell me why I have to pay

Three bidders but deal proved too hard

Swift payout to avoid interest

Rich lister's fund gets paid first

A private equity fund is to receive a $100m taxpayer-funded payout from the Govt in order to make the receivership of South Canterbury Finance run more smoothly.

South Canterbury bailout bill: $405 each

The Govt yesterday paid $1.775bn - or $405 for every person in NZ - to take control of failed moneylender South Canterbury Finance's assets.

Deal could still save SCF - Hubbard

South Canterbury Finance needs a new backer or a government bail out to avoid receivership.

<i>Bernard Hickey:</i> SCF decision, either way, will cast long, chilly pall

Finance giant on the brink of collapse

Allan Hubbard's finance company is near receivership and is understood to be in last-minute talks with the Govt and overseas investors to avoid NZ's largest corporate collapse in decades.

Hubbard bites back after managers' scathing report

<i>Mary Holm</i>: When partners spend too much

South Canterbury Finance trading halt likely to persist

South Canterbury Finance is likely to remain in a trading halt into next week as it awaits fresh capital.

SC Finance in trading halt

South Canterbury Finance had its securities halted from trading on the NZX debt market pending an announcement on a new investor.

Statutory managers confirm shortfall in Hubbard Funds

The value of some investments were overstated by at least 25 per cent.

<i>Stock takes</i>: Keeping it in the family