CBS Canterbury, Nelson Building Society, Finance Direct approved in guarantee scheme

Treasury has approved CBS Canterbury, Nelson Building Society and Finance Direct as members of the Government's retail deposit guarantee scheme. The full list is here. The only major institution yet to be approved now is ANZ National, although it has applied. * This article was first published yesterday in our daily subscription newsletter for the banking and finance industries. The email costs NZ$365 per annum and carries exclusive news and analysis for New Zealand banking and finance industry executives, regulators and investors. Sign up for a free trial here.