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

Cautious lending keeps lid on default rates – Reserve Bank
Finance

Cautious lending keeps lid on default rates – Reserve Bank

Non-performing mortgages have overtaken Covid levels.

Jem Traylen 01 May 2024
'Confirmation of payee' anti-scam measure inches closer
Finance

'Confirmation of payee' anti-scam measure inches closer

Banks are getting closer to implementing anti-scam “confirmation of payee” measures.

Dileepa Fonseka 30 Apr 2024
UBS NZ returns to profit
Finance

UBS NZ returns to profit

Operating income was up 51.8%, rising from $31.9m in 2022 to $48.5m in 2023.

Murray Jones 30 Apr 2024
Matt Whineray to chair new FirstCape Group fund manager and adviser
Finance

Matt Whineray to chair new FirstCape Group fund manager and adviser

The new entity aims to scale up advice and fund management services in NZ.

Staff reporters 23 Apr 2024