ANALYSIS: What’s more pressing – the NZ banking sector and the ripples of a potential banking crisis reaching our shores or a negative quarterly GDP growth rate and the impact on unemployment?
NBR columnist Christoph Schumacher speaks with Calida Stuart-Menteath.
So much has happened in the past few weeks that I am spoiled for choice of topics to discuss. In the US, two banks collapsed, causing the biggest bank failures since the GFC. This had a ripple effect that toppled Credit Suisse. Swiss banking giant UBS came to the rescue, which may have prevented