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NZ banks respond to possibility of exception fees lawsuit

Wellington, May 14 NZPA - New Zealand has a very different legislative framework to Australia for bank fees, the New Zealand Bankers Association says in response to a report that banks here face a massive lawsuit against so-called exception fees.

NZ banks now in gun over penalty fees

Wellington, May 14 NZPA - A lawsuit that could be worth hundreds of millions of dollars is now targeting New Zealand banks over expensive penalty fees, following similar multibillion action across the Tasman.

Moratoria only work if there's something to save

By Kate Chapman of NZPA Wellington, April 22 NZPA - Moratoria work well when there is something in a company worth saving but many of the finance companies that collapsed had flawed business models and were "wind downs", a partner from PricewaterhouseCoopers told politicians today.

Taupo Group Has A Plan To Improve Capital Markets

Wellington, Sept 25 NZPA - A group of business people met in Taupo mid year to discuss what could be done to improve the capital markets that generate wealth in New Zealand.

Business Bakery Set Up By 42 Below Founders

Wellington, Sept 25 NZPA - Grant Baker, Geoff Ross and Stephen Sinclair, the founders of vodka company 42 Below, want to raise $8.5 million from friends for an investment company called Business Bakery LP.

Four Loans May Be Behind Finance Co Troubles

Wellington, June 20 NZPA - Four loans that were not repaid on time may be behind problems at Dominion Finance, finance company analyst Chris Lee says.

Dominion Finance Shares Plunge, But Says Plan Well Received

Wellington, June 19 NZPA - Shares in stricken finance company Dominion Finance Holdings (DFH) slid 76 percent to a record low after trading resumed following Tuesday's suspension.

Credit Card Comparison TablesCompare Credit Cards - Independent interest rate and fees comparisons for New Zealand banks.