NZ small depositors won’t be forced to take a haircut if banks fail
Visiting economics professor believe New Zealand authorities will allow small depositors to suffer losses if a bank fails.
Jenny Ruth Wed, 16 Nov 2016
Whatever the Reserve Bank says about not bailing out banks which get into financial difficulty, the authorities are unlikely to allow small depositors to suffer losses, says a visiting economics professor at Stanford University in California.
“You may not have explicit deposit insurance but the
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