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21 Jan 2020 15:18
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  •   Home > News > Business

    The Finance Minister says it's important banks don't use capital increases to target certain industries

    The Finance Minister says it's important banks don't use capital increases to target certain industries


    New Zealand banks will have to raise about 20 billion dollars to meet tough new safety requirements in the changes announced today.

    Grant Robertson says there's no need for a particular sector to bear the brunt.

    He's confident the transition can be managed - and says banks are profitable entities.

    © 2020 Newstalk ZB, NZCity


     Other Business News
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     20 Jan: Vodafone New Zealand is offering 2000 staff the chance to head home early for the weekend for the rest of summer
     20 Jan: A prominent businessman charged with breaching suppression in the Grace Millane murder trial has been granted suppression himself
     20 Jan: Civil Defense says people should still be vigilant ... after a false alarm in the Bay of Plenty caused residents to flee supposed disaster
     19 Jan: Tourism giant Real Journeys is building a village for its staff at Walter Peak to beat exorbitant Queenstown rents
     19 Jan: The Christmas break hasn't slowed New Zealanders' enthusiasm for purchasing properties
     19 Jan: A warning from Tukituki MP Lawrence Yule against undermining adventure tourism
     Top Stories

    RUGBY RUGBY
    Some of the world's best track and field athletes will ascend on West Auckland next month More...


    BUSINESS BUSINESS
    A resounding win for Australia's consumer watchdog, in its case against the travel website Trivago More...



     Today's News

    Health & Safety:
    St John has responded to nearly 20-thousand mental health emergencies in the past six months 15:07

    Law and Order:
    Drug-dealing Czech kick boxer Karel Sroubek has again been denied parole 14:57

    Environment:
    No relief for the upper North Island as extreme dry weather continues 14:07

    Motoring:
    Shane Archbold expects a relatively straightforward opening stage to the Tour Down Under 13:47

    Rugby:
    Some of the world's best track and field athletes will ascend on West Auckland next month 13:07

    Law and Order:
    A Court has heard disturbing details - of how a West Coast mum was murdered by her ex-boyfriend 12:37

    Law and Order:
    England rugby coach Eddie Jones wants his Saracens players to put it all on the table 12:37

    Motoring:
    Travelling between Auckland Airport and Puhinui in south Auckland is set to become easier for motorists 12:27

    International:
    How will Donald Trump's impeachment trial work? 12:07

    Rugby:
    Shane Archbold's taking the stares in his stride... and they're not because of his mullet 11:57


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