PM dishes a light bank-bashing in response to ANZ claims

Mon, 01 Jul 2019

By Pattrick Smellie July 1 (BusinessDesk) - Prime Minister Jacinda Ardern took an opportunity to show how low the ANZ Bank's stocks have fallen with the government, turning a question about the bank's fears about the impact on the economy of Reserve Bank capital-holding rules into a comment on its wider woes. Asked whether she was concerned that ANZ modelling showed lower economic growth if trading banks were forced to hold substantially more capital on their balance sheets, Ardern noted that she had "heard some of the rhetoric coming out...

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