Bernard Hickey talks to Greg Boyed on TVNZ's News at 8 about Marac and South Canterbury
30th Aug 09, 11:05am
by
Bernard Hickey talks to Greg Boyed on TVNZ's News at 8 about Marac Finance and South Canterbury Finance. Both announced big losses on property loans and are now looking for hundreds of millions of fresh capital to regain their investment grade credit ratings. Their quest for fresh equity will be closely watched by the Reserve Bank and the Government as they try to stabilise the finance company sector and avoid a big bill before the end of the retail deposit guarantee scheme.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.