NF Global liquidators mull action as millions more owed

NF Global liquidators mull action as millions more owed
NF Global's Claude Oberto has said illiquid investments were the problem.
Victoria Young
The liquidators of NF Global have identified another $10 million owed to clients in their latest report, a year after the money shop went under.PwC’s John Fisk and Craig Sanson have undertaken several investigations and are now looking for creditor funding so that they can get more money back from NF Global’s range of international clients.Fisk told BusinessDesk there would be some money available to creditors through the administration of UK fintech Ipagoo, after Ipagoo’s administrators go to court in August.“We ar...

More Finance

FMA to oversee ‘regulatory sandbox’ for fintechs
Finance

FMA to oversee ‘regulatory sandbox’ for fintechs

The initiative aims to speed up financial services innovation and regulation in NZ.

Todd Corp: what went wrong?
Finance

Todd Corp: what went wrong?

A dividend freeze as the family empire rebuilds for the future.

BNZ defends profit as essential to attract capital
Finance

BNZ defends profit as essential to attract capital

The last major bank, BNZ, has fronted up to Parliament.

RBA’s policy shift brings February cut into focus
Finance

RBA’s policy shift brings February cut into focus

The central bank’s assessment reflected growing confidence that inflation is being tamed.