The former chief executive of two failed New Zealand lenders, Dominion Finance and North South Finance, has been jailed after being convicted on four fraud charges involving NZ$13.6 million of related party lending. Paul Cropp has been sentenced to two years and seven months in prison. Dominion had 5937 debenture holders, with $176.9 million invested, when it went into receivership in 2008. Payday lender Nimble Australia, previously known as Cash Doctors, has changed its advertising after the Australian Securities and Investments Commission found it could be misleading. The company made statements that its credit contracts were "short term", when, in fact, they were continuing contracts with indefinite terms. The company will stop using continuing credit contracts at the end of July. Bank of Queensland has priced a new A$325 million three-year floating rate transferable deposit. The issue, which is off BOQ's Australian debt instrument program, was priced yesterday at 135 basis points over the three-month bank bill swap rate. The bank said 21 investors participated in the trade.