Hanover freeze puts investors' $554m on hold
New Zealand Herald
Thu Jul 24 07:30:00 2008
The finance company meltdown claimed its 25th and biggest scalp yesterday when Hanover Finance froze repayments to 16,500 investors owed more than half a billion dollars.
The company - whose TV ads claimed it had "the size and...
Hanover silence angers investors
New Zealand Herald
Thu Jul 24 05:00:12 2008
Retired couple Alan and Hilda Glatt rely on their investments with Hanover Finance for income.
The pair, both 79, are among 13,000 investors who had their money frozen by New Zealand's third-largest financial services group yesterday.
Several...
Voice of company 'disappointed'
New Zealand Herald
Thu Jul 24 05:00:00 2008
The man who once told New Zealanders Hanover Finance could withstand "any conditions" is surprised and disappointed at the company's sudden sea change.
Richard Long, a former TVNZ news presenter, had fronted Hanover Finance when...