nzherald.co.nz - Financial Services http://www.nzherald.co.nz/ Latest Financial Services headlines from nzherald.co.nz en-nz Copyright 2010 APN HOLDINGS NZ Fri, 19 Mar 2010 20:00:04 +1200 http://blogs.law.harvard.edu/tech/rss APN RSS Generator webnews@nzherald.co.nz webmaster@nzherald.co.nz New Zealand Herald - Financial Services http://www.nzherald.co.nz/images/nz_little_logo.gif http://www.nzherald.co.nz/financial-services/news/headlines.cfm?c_id=43 Securities Commission charges Capital + Merchant directors http://www.nzherald.co.nz/financial-services/news/article.cfm?c_id=43&objectid=10633043&ref=rss The Securities Commission says it has laid criminal charges and issued civil proceedings against directors of the collapsed Capital+Merchant finance company. Directors Neal Nicholls, Owen Tallentire, Colin Ryan and Robert Sutherland,... newsfeeds@nzherald.co.nz Fri, 19 Mar 2010 12:07:56 +1200 Madoff computer programmers indicted http://www.nzherald.co.nz/financial-services/news/article.cfm?c_id=43&objectid=10632781&ref=rss Two former employees accused of helping fraudulent Wall Street financier Bernard Madoff program an old computer to generate false records have been indicted.Wednesday's indictment accuses computer programmers Jerome O'Hara and... newsfeeds@nzherald.co.nz Thu, 18 Mar 2010 11:36:58 +1200 'Hero' let go after blowing whistle http://www.nzherald.co.nz/financial-services/news/article.cfm?c_id=43&objectid=10632632&ref=rss The Lehman Brothers employee who raised a red flag over the accounting trick that allowed the bank to hide the size of its bloated balance sheet was fired just weeks after making the complaint.Matt Lee emerged as the sole hero... newsfeeds@nzherald.co.nz Thu, 18 Mar 2010 04:00:00 +1200 Indebted Greece avoids S&P downgrade http://www.nzherald.co.nz/financial-services/news/article.cfm?c_id=43&objectid=10632631&ref=rss Greece won some respite from financial market pressure yesterday as ratings agency Standard & Poor's took the country off credit watch for a possible downgrade - a day after eurozone governments laid out a vague blueprint for possible... newsfeeds@nzherald.co.nz Thu, 18 Mar 2010 04:00:00 +1200 Buyers jostling for real estate eyesore http://www.nzherald.co.nz/financial-services/news/article.cfm?c_id=43&objectid=10632256&ref=rss Supermarket, retirement and healthcare businesses are lining up to buy Soho Square, Ponsonby's Strategic Finance-funded five-level eyesore.The fate of Strategic, which went into receivership on Friday, hinges partly on the sale... newsfeeds@nzherald.co.nz Tue, 16 Mar 2010 04:00:00 +1200 Investors 'will fare better' if firm is sold http://www.nzherald.co.nz/financial-services/news/article.cfm?c_id=43&objectid=10632254&ref=rss Strategic Finance investors will be better off if the company is bought out, rather than liquidated, stockbroker and Strategic investor Chris Lee says.Strategic was placed into receivership by its trustee Perpetual Trust on Friday... newsfeeds@nzherald.co.nz Tue, 16 Mar 2010 04:00:00 +1200 The price of financial security: Who should fund the Securities Commission? http://www.nzherald.co.nz/financial-services/news/article.cfm?c_id=43&objectid=10632193&ref=rss The Securities Commission recently received an exceptional budget boost from the Minister of Commerce.Arguably, the impetus for the boost came from criticism levelled at regulators worldwide for being 'asleep at the wheel' before... newsfeeds@nzherald.co.nz Mon, 15 Mar 2010 14:49:25 +1200 Delay on Kiwisaver provider decision http://www.nzherald.co.nz/financial-services/news/article.cfm?c_id=43&objectid=10632072&ref=rss The fate of one of New Zealand's largest KiwiSaver providers remains up in the air after Australia's competition watchdog decided it needed more time to examine the bids for Axa Asia Pacific Holdings.AXA, which has a significant... newsfeeds@nzherald.co.nz Mon, 15 Mar 2010 04:00:00 +1200 Words of warning based on bitter experience http://www.nzherald.co.nz/financial-services/news/article.cfm?c_id=43&objectid=10631534&ref=rss If someone offered you an investment with guaranteed returns of 7 per cent a month, what would your reaction be?Vivian Fatupaito would like to think you would cock an eyebrow, or perhaps even roll your eyes. But sadly, she notes,... newsfeeds@nzherald.co.nz Mon, 15 Mar 2010 03:45:00 +1200 Huljich deal up in air http://www.nzherald.co.nz/financial-services/news/article.cfm?c_id=43&objectid=10631834&ref=rss Mike Pero Mortgages is considering whether to continue with Huljich Wealth Management as its KiwiSaver provider.Mike Pero rebrands and onsells the Huljich funds to its clients. Chief executive Shaun Riley said it was reviewing... newsfeeds@nzherald.co.nz Sun, 14 Mar 2010 04:00:00 +1200 Don Brash : No comparison to finance companies http://www.nzherald.co.nz/financial-services/news/article.cfm?c_id=43&objectid=10631715&ref=rss Over the past few weeks, repeated attacks have been made on the Huljich KiwiSaver Scheme and on the integrity of the directors of Huljich Wealth Management.Most critics have focused on the fact that, during 2008, the company's... newsfeeds@nzherald.co.nz Sat, 13 Mar 2010 04:00:00 +1200 $15m missing, say finance firm investigators http://www.nzherald.co.nz/financial-services/news/article.cfm?c_id=43&objectid=10631508&ref=rss At least $15 million is now believed to be missing from an Auckland financial advisory firm, according to investigators probing the collapse of the company.They have widened their investigation to include other businesses also... newsfeeds@nzherald.co.nz Fri, 12 Mar 2010 04:00:00 +1200 Trust payments spark court bid http://www.nzherald.co.nz/financial-services/news/article.cfm?c_id=43&objectid=10631439&ref=rss Money allegedly salted away by Bridgecorp boss Rod Petricevic is at the centre of High Court proceedings.The case was deferred yesterday but is due to return to court soon.The Official Assignee has a series of actions against... newsfeeds@nzherald.co.nz Fri, 12 Mar 2010 04:00:00 +1200