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8 Dec 2019 11:17
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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.

    © 2019 Newstalk ZB, NZCity


     Other Business News
     08 Dec: Mobile outages, flooding and road closures - the impacts of the weekend's heavy rain is being felt by many throughout the South Island
     07 Dec: Pre-Christmas travel disruption could be on the cards for trans-Tasman Jetstar customers
     07 Dec: Queenstown businesses are lauding an 24-hour alcohol ban this Crate Day
     06 Dec: West Coast Civil Defence Emergency Management Group and Westland District Council are closely monitoringtroads and rivers with heavy rain continuing to batter the region
     06 Dec: Drivers from one of the largest bus companies in the country are ramping up strike action - by cutting services in Auckland up until Christmas
     06 Dec: New bank restrictions could push the thorn of business confidence deeper into the Government's side
     06 Dec: There's doubt about the Government's prediction fuel prices could drop by 18 cents
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    BUSINESS BUSINESS
    Mobile outages, flooding and road closures - the impacts of the weekend's heavy rain is being felt by many throughout the South Island More...



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