It looks like there is yet another finance company in trouble.
[quote]Dominion Finance Holdings (DFH) is considering a moratorium on payments to debenture holders after becoming concerned about the liquidity of its two subsidiaries, Dominion Finance Group (DFG) and North South Finance Ltd (NSFL).
The board entered into discussions yesterday with bankers, auditors and trustees to explore the prospect of a moratorium, chief executive Paul Cropp said.[/quote]
And still Cullen denies that the sub-prime crisis will hit New Zealand.