I can't see the Aussie banks imposing the Cyprus solution on NZ Depositors any time soon.
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Originally posted by jaxy View PostReserve bank is not worried about its shareholder.
of people it needs to get the result the majority shareholder wants.
Originally posted by jaxy View PostIt's the bank depositors who will be screwed if a bank falls over.
The depositors will have their deposits used to cover any shortfall of the fallen bank.
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