Aussie bank capital threats ‘a bluff,’ says former PM
Comments come as Westpac warns willingness to provide extra capital ‘should not be assumed’
Tim Hunter
Fri, 24 May 2019
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
A threat from Australian banks to restrict capital for their New Zealand subsidiaries, included in a new submission from Westpac Bank, has reportedly been described as “a bluff” by former Prime Minister Sir Bill English.
The issue has been raised in light of Reserve Bank proposals to
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Tim Hunter
Fri, 24 May 2019
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
