Breaking News...

23rd July 2008

Hanover in trouble
Hanover Finance has suspended acceptance of new investments and repayment of existing deposits as it worked with trustees on a plan to restructure the business going forward. [more]

Regional mortgage managers upbeat despite CMT suspension
Cash-strapped investors looking to offset losses from failed finance companies could have been a factor in the "unprecedented level" of redemptions that forced Canterbury Mortgage Trust (CMT) into suspending withdrawals yesterday, according to one of the group's directors, Don McBeath. [more]

Compare PIE fund rates
Cash PIE funds are the perhaps the hottest investment around at the moment with many of the banks rolling out products in the past couple of months. [more]

Cymbis Australia misses repayments
A number of the Australian dollar Cymbis Finance Enhanced Debenture Stock and Cymbis Finance Australia debenture stock were due for repayment on July 15 and 17. [more]

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