BRIAN GAYNOR: Is your bank safe and, if not, what is your position?

BRIAN GAYNOR: Is your bank safe and, if not, what is your position?
Brian Gaynor
Covid-19 has generated unprecedented financial concerns and depositors may be worried that their bank could go bust.The quick response to this concern is that a major New Zealand bank collapse is highly unlikely, but it is worth knowing what will happen if this occurs.A 2014 Financial Markets Authority survey revealed that 75 percent of respondents believed that New Zealand bank deposits were guaranteed.Deposit insuranceThese respondents were essentially wrong. According to the International Association of Deposit Insurers (IADI) 146 countries...

More Finance

Fast-food chain float could give Fonterra a steer
Finance

Brian Robins: Fast-food chain float could give Fonterra a steer

After a dearth of IPOs, all eyes are on Guzman y Gomez. 

Brian Robins 20 Jun 2024
Whineray appointed new Jarden chair
Finance

Whineray appointed new Jarden chair

Fraser Whineray quit as Fonterra's chief operating officer in July 2023.

Murray Jones 19 Jun 2024
Bluebird improves profits after investment in Wiri site
Finance

Bluebird improves profits after investment in Wiri site

Bluebird Foods NZ has posted a profit of $13.2m for the year ended December 2023.

Staff reporters 18 Jun 2024