God defend the RBNZ

Via The Australian:

Forget the radioactive fallout from the Hayne royal commission — the nation’s four major banks have a bigger problem to worry about right now.

If New Zealand’s all-powerful regulator Adrian Orr has his way, the big four will be passing the hat around for the next five years to raise an extra $NZ25billion ($23.5bn) in capital.

There are 398 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.