When the Reserve Bank sought feedback on requiring the country’s major banks to raise their capital reserves then you might have expected the banks to whine and complain.
An extraordinary level of profit-taking still being extracted by the Australian Banking Gang from ordinary New Zealanders.
David Hisco’s nine years as CEO of ANZ (while his expense claims went by unbothered by board oversight) has been a weird echo of the nine years of social neglect by the previous National government.
Across the Tasman a Royal Commission has been barking very loudly indeed about the activities of the Australian banks that own the main NZ banks.
The Dow has precious little to do with the NZ sharemarket…
Back in the 1990s, central bankers were like kings.