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BREAKING NEWS: Lombard Finance & Investments Ltd said it has suspended all payments of capital and interest to investors.

South Canterbury Finance ups stake in WSI (NZPA via Yahoo!Xtra News)
South Canterbury Finance Ltd purchased 30.6 million shares in Wool Services International Ltd (WSI) from Hubbard family interests for $17.

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Lombard Finance Suspends Payouts to Investors as Housing Slumps (Bloomberg.com)
April 3 (Bloomberg) -- Lombard Finance & Investments Ltd., a New Zealand lender, suspended all payments of capital and interest to investors after a slump in the housing market reduced revenue from loan repayments.

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