If a company decides against a pro rata capital raising then ends up with a high level of oversubscriptions, does it make sense to scale allocations based on existing holdings?
RBNZ governor Adrian Orr says there is a need for an urgent and collaborative response.
Kiwibank is following other banks in raising both mortgage and deposit rates.
Banks are wrongly trying to hide behind the Anti-Money Laundering and Countering Financing of Terrorism Act to bully their customers over account names.