Finance
Explore the latest finance news by Business Desk.
Economy
BusinessNZ, lawyers tell govt: relax insolvency law
While at least some of the major banks have said they will judge the solvency of companies wanting to borrow on their pre-coronavirus crisis financial position, lawyers are saying the government still has to relax insolvency law to ease the liability directors face.Other countrie...
Coronavirus
ANZ Bank will also honour spirit of govt-backed business loans
New Zealand's largest bank, ANZ Bank, said it will also abide by the spirit of the government's $6.25 billion business finance guarantee scheme and will base its assessment of a firm's solvency on how they were performing before the coronavirus crisis and the nation's shutdown....
Coronavirus
Kiwibank to honour spirit of govt-backed business loans
Kiwibank intends to abide by the spirit of the government's $6.25 billion business finance guarantee scheme and will be assessing borrowers' solvency based on how they were performing before the nation's shutdown.While the business community is calling on the government to relax...
Retail
ASB gives Smiths City space to fix capital structure
Smiths City has another four weeks to make its next payment to lender ASB Bank as it tries to find a new capital structure that works for the retail chain and financier.The shares sank 13.8 percent, or 2.4 cents, to an all-time low 15 cents when they resumed trading today, albeit...
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