Wellington, Sept 2 NZPA - Wealthy investors pulling money out of South Canterbury Finance (SCF) to get below new limits for the Government's deposit guarantee scheme appear to have compounded the woes of the Timaru-based finance company.

Wellington, Sept 1 NZPA - The focus turned today to who will buy the assets of South Canterbury Finance and the unintended consequences of the Retail Deposit Guarantee Scheme.

Wellington, Aug 31 NZPA - The New Zealand dollar lost about a cent in the last 24 hours after business confidence weakened and the government bailed out significant lender South Canterbury Finance (SCF).

Wellington, Aug 31 NZPA - Treasury has already paid the South Canterbury Finance trustees $1.6 billion in a taxpayer bail-out of the beleaguered company, which has gone into receivership.

Wellington, Aug 31 NZPA - Receivers have been called in to South Canterbury Finance (SCF), with Trustees Executors Limited appointing Kerryn Downey and William Black of McGrathNicol. SCF today said it has been unable to complete a recapitalisation and restructure.

Wellington, Aug 31 NZPA - Receivers have been appointed to South Canterbury Finance. The company today said it has been unable to complete a recapitalisation and restructure.

Wellington, Aug 27 NZPA - The future of ailing finance company South Canterbury Finance (SCF), placed in a trading halt today, may be decided on Monday, with two investment offers understood to be on the table.

Wellington, Aug 27 NZPA - Timaru businessman Allan Hubbard says he feels ambushed by the statutory managers of his businesses, and disappointed not to have had a chance to review a report showing a significant shortfall in one of the managed funds.

Wellington, Aug 27 NZPA - Supporters of Timaru businessman Allan Hubbard expressed disbelief today at a second report by statutory managers which predicted a slow return of capital for investors in one business and a shortfall of at least 25 percent in another.

Auckland, July 31 NZPA - Investors in several funds associated with South Canterbury businessman Allan Hbbard will be interviewed by the Serious Fraud Office (SFO) after it decided there was enough evidence to continue its investigation.