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Allied Farmers Rob Alloway resigns
Allied Farmers chief executive Rob Alloway has resigned, following chairman John Loughlin out of a firm whose finance arm is in receivership.
Borrowers over reach themselves
Bad loans to bars, hotels, furniture makers, property investors and even a state house builder wiped out at least $100 million from South Canterbury Finance.
What were SCF bosses thinking?
Questions need to be asked of the former management of failed company South Canterbury Finance, says the Shareholders Association.
Plane leak reveals South Canterbury bid
A notoriously shrewd businessman has emerged as the frontrunner to buy South Canterbury Finance.
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.
<i>John Armstrong</i>: A textbook example of crisis management
Watching John Key and Bill English dispose of South Canterbury Finance was a bit like watching a python swallowing an antelope.
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.
SCF took more risks under govt guarantee, Maier says
South Canterbury Finance's exploiting of a Govt guarantee "violated a lot of prudent lending criteria", its CEO says.