One judge dissented, saying he would have allowed the appeal.
NBDTA proposed a total capital ratio of 10.5% of risk-weighted assets.
The outlook for unsecured creditors of the former retail icon Smiths City appears bleak, as liabilities have mounted to more than $26.8 million.Liquidators for the century-old retailer stated in their initial report that 240 creditors were owed money by the company, as reported b...
The Reserve Bank of NZ had received 42 submissions to the review.
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