Westpac opts in to the deposit guarantee scheme
13th Oct 08, 1:33pm
by
Westpac New Zealand has announced it will opt in to the deposit guarantee scheme announced by the government. "Westpac New Zealand will engage with the Minister and the Reserve Bank to work through the detail required to put an effective guarantee scheme in place," Acting CEO Bruce McLachlan said in a staement. Westpac New Zealand supported the approach of reassuring New Zealanders and understood the pressure to act given similar moves around the world, he said.
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.