WELLINGTON (AP) - Shares in New Zealand's Dominion Finance tumbled 80 percent Thursday over concerns about the liquidity of two subsidiaries, the latest example of fallout from the global credit crunch.
The nonbank finance company is the country's 21st to face serious difficulties in the wake of the subprime mortgage crisis in the U.S.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!