Shift to proportionate liability needs to be mandated, or ratepayers will continue to foot the bill.
Promisia says it will defend the charges vigorously.
Co-founders John Berry and Paul Brownsey remain shareholders and retain their roles.
Managing director Rod Duke says it was a challenging Christmas but he did alright anyway.
KiwiSaver is adding a buffer to the New Zealand markets.
Power company reports strong half-year result.
Technical analysis is helping investors to reconcile the sharp December drop with January's dramatic recovery.
What to keep an eye on in the markets' week ahead.
Callaghan Innovation is backing the move with a "getting started" grant.
The timing is right, given the retreat from corporate lending by banks.