Hubbard Management Fund investors to get principal
Investors in the frozen Hubbard Management Funds will get all of their capital back.
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Latest from Banking and finance
British actor Blessed to front new ASB ads
British actor Brian Blessed has been picked as the new look of the ASB Bank.
Capital+Merchant men plead guilty to new charges
Two already jailed Capital+Merchant directors have this morning plead guilty to new Financial Markets Authority charges.
NZ dollar breaks above 85 US cents
The NZ dollar has risen above 85 US cents for the first time since September 2011 amid expectations retail sales figures today will add to a string of strong data.
Kiwibank slashes mortgage rate
Kiwibank has today launched a six-month fixed home loan rate of 4.79 per cent, the bank's lowest rate in its 11-year history.
Manufacturing grows at fastest pace in 8 months
Manufacturing grew at the fastest pace in eight months in January but employment in the sector is shrinking.
Jailed finance directors tipped to seek appeal
Two jailed Capital+Merchant finance directors are hoping to take their case to the Supreme Court, the Herald understands.
Hanover contesting AIG ruling
Hanover Group Holdings has filed an appeal after it lost a High Court fight with insurance giant AIG over a policy worth up to $20 million.
Hanover expected to file appeal
Hanover Group Holdings is expected to file an appeal this afternoon after it lost a High Court fight with AIG.
BNZ makes play at youth market
BNZ has launched a marketing push to capture a bigger share of the youth market by launching a new internet banking product.
Ridge's property woes dug up
Former All Black Matthew Ridge's decade-old property development woes have been dug up as evidence in a finance company trial.
Resurgence a perilous time for builders: industry chief
An Auckland construction boss has warned about the building resurgence, saying now can be the most perilous time for businesses.
Dominion Finance: Ridge to be witness
Former All Black and NZ Warriors captain Matthew Ridge is to be called as a witness in the Dominion Finance trial.
Westpac cuts mortgage rates
Three weeks since ASB kicked off competition among banks for the year, Westpac has this morning announced cuts to three of its fixed mortgage rates.
Directors claim full knowledge of finances
Former independent directors of failed construction group Mainzeal said they had full knowledge of the company's financial position at all times, refuting earlier media reports.
Kirk Hope: Ensuring fiscal stability a delicate balancing act
The overarching theme for banking around the world in 2013 will continue to be financial stability - how to achieve it, and how to maintain it, writes Kirk Hope.