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15 Jul 2020 5:11
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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


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