Lombard Finance Suspends Payouts to N.Z. Investors (Update1) (Bloomberg.com)
Story date: 2008-04-02 06:45:36
Added on: 2008-04-02 19:43:35
April 3 (Bloomberg) -- Lombard Finance & Investments Ltd., which lends to property developers in New Zealand, suspended all payments of capital and interest to investors after a housing market slump reduced revenue from loan repayments.
Read more...
Related Stories:
-
Lombard Finance has links to Blue Chip (The New Zealand Herald)
Many struggling investors in failed property investment company Blue Chip have loans with a company which is linked to Lombard Finance....
2008-04-03 12:34:27 -
Lombard buys United Home Loans
New Zealand Herald - NZX-listed financial services provider Lombard Group said yesterday its subsidiary Lombard Mortgages had bought United Home Loans from...
2007-12-21 09:17:00 -
Hanover sells United Home Loans to Lombard
Stuff - NZX-listed financial services provider Lombard Group said today its subsidiary Lombard Mortgages had bought United Home Loans from Hanover Group...
2007-12-20 01:05:00 -
MFS freezes $770 million
News.com.au - The MFS Premium Income Fund arm - which lends much of its money raised from investors to property developers in...
2008-01-30 01:53:00 -
Fed official says economy shouldn't be punished for sake of ...
Medford Mail Tribune - The hazard being that the Fed's action could encourage investors — namely those involved in the risky subprime...
2007-12-01 01:53:00 -
Punishing speculators bad idea, banker says
Dubuque Telegraph Herald - The hazard being that the Fed's action could encourage investors -- namely those involved in the risky subprime...
2007-12-01 01:49:00 -
Hints of Fed rate cut lift stocks
Chicago Tribune - The hazard being that the Fed's action could encourage investors, namely those involved in the risky subprime mortgage market...
2007-11-30 11:51:00 -
Pakistan Increases Key Rate to 13% to Slow Inflation (Update2) - Bloomberg
July 29 (Bloomberg) -- Pakistan's central bank increased its benchmark interest rate for a third time this year to tame inflation running...
2008-07-29 05:52:00