BOTTOM LINE: South Canterbury Finance’s $485m curtain call

Tue, 13 Oct 2020

The curtain probably fell for the final time on remnants of Allan Hubbard’s financial empire last week, not that many people would have noticed.PwC’s John Fisk and David Bridgman lodged their final liquidators’ report on FCS Loans – the renamed shell of the once-proud South Island lender – and they intend on removing South Canterbury and Hubbard’s Southbury and Hornchurch entities from the Companies Register.If this goes ahead as planned on Nov. 13, it will bring to a close the 94-year history of the entity t...

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