Bonds
NZ's big banks would remain 'comfortably solvent' in a severe recession such as the one that hit the US between 2008-11, Moody's says
5th Aug 14, 9:49am
by
By Gareth Vaughan
In an extremely severe recession, such as the one that hit the US between 2008 and 2011, New Zealand's major banks would need to rebuild capital but would comfortably remain solvent, says credit rating agency Moody's.
This is an abridged version of this article. The full version was published in our email for paying subscribers. See here for more details and how to subscribe.
We welcome your comments below. If you are not already registered, please register to comment.
Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current comment policy is here.