Opinion<i>John Armstrong</i>: A textbook example of crisis managementWatching John Key and Bill English dispose of South Canterbury Finance was a bit like watching a python swallowing an antelope.31 Aug 05:30 PM
Personal FinanceSouth Canterbury bailout bill: $405 eachThe Govt yesterday paid $1.775bn - or $405 for every person in NZ - to take control of failed moneylender South Canterbury Finance's assets.31 Aug 05:30 PM
Personal FinanceRich lister's fund gets paid firstA 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.31 Aug 05:30 PM
EconomySCF took more risks under govt guarantee, Maier saysSouth Canterbury Finance's exploiting of a Govt guarantee "violated a lot of prudent lending criteria", its CEO says.31 Aug 08:32 AM
EconomyBad lending led to Sth Canterbury's downfall - KeySouth Canterbury Finance got into trouble by lending money to people who couldn't pay it back and on assets that have no value.31 Aug 06:27 AM
AgribusinessHubbard speaks out - Govt to blameAllan Hubbard is blaming Government regulations for the failure of South Canterbury Finance.31 Aug 02:45 AM
EconomyNo Sth Canterbury fire sale - EnglishFinance Minister Bill English says its quick payout to cover losses by South Canterbury Finance investors will mean "minimal disruption" to the wider economy.31 Aug 02:20 AM
EconomyGovt pays $1.7bn to Sth Canterbury FinanceThe Government has this morning paid out $1.7 billion to cover investor losses from the collapse of South Canterbury Finance.31 Aug 12:15 AM
EconomyGovt pays $1.7bn to Sth Canterbury trusteesThe Govt has already made a $1.7bn payment to the trustees of South Canterbury Finance, which today called in the receivers.31 Aug 12:15 AM
Banking and finance'Good and bad' news in SCF announcementSth Canterbury Finance chief executive Sandy Maier says an announcement that will have "good and bad" in it is due sometime after 9.30am today.30 Aug 08:45 PM
PoliticsEnglish cancels trip as Hubbard decision loomsBill English cancelled an overseas trip and John Key last night refused to rule out an injection of taxpayer funds as the Govt grappled with the fate of South Canterbury Finance.30 Aug 05:30 PM
Opinion<i>John Armstrong:</i> Key walks a tightrope over ailing finance firmJohn Armstrong writes that John Key must reassure investors that their cash is safe, while minimising the taxpayers' burden.30 Aug 05:30 PM
Banking and financeEnglish delays trip to handle SCF falloutFinance Minister Bill English has postponed his departure overseas to deal with stricken South Canterbury Finance.30 Aug 05:39 AM
