Liquidators probe 'unusual' arrangements at NF Global

Liquidators probe 'unusual' arrangements at NF Global
Claude Oberto claims to have resigned from NF Global.
Victoria Young
Liquidators of NF Global, which owes $26 million, say they are yet to find any bank statements from the international banks which its director claimed had been holding client funds.PwC’s John Fisk took control of the company last month after a lengthy court battle in which several international creditors emerged demanding millions of dollars from the Princes Street payments firm.NF Global is part of the Northern Fides group of companies based in England and is ultimately owned by Swiss firm Starboard Capital. Its director on company recor...

More Finance

Co-operative Bank, ComCom agree penalty fee
Finance

Co-operative Bank, ComCom agree penalty fee

The bank is silent on the penalty amount it and the Commerce Commission are aligned on.

Andy Macdonald 26 Nov 2025
RBNZ reopens Wellington office after asbestos mayhem
Finance

RBNZ reopens Wellington office after asbestos mayhem

Bank tight-lipped on how many staff are home-working as asbestos-hit office reopens. 

Andy Macdonald 21 Nov 2025
Big banks eye warnings on legacy Open Banking technology
Finance

Big banks eye warnings on legacy Open Banking technology

Their interest comes with dawn of API-led Open Banking just weeks away. 

Andy Macdonald 19 Nov 2025
Banks accelerate crackdown on ‘mule’ scammers
Finance

Banks accelerate crackdown on ‘mule’ scammers

New technology picks up crooked “muleteers” more quickly.

Andy Macdonald 17 Nov 2025