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End of retail deposit guarantee threatens fin coy liquidity: RBNZ

Wednesday 19th of May 2010

In its financial stability report, the central bank said it expects finance companies that were not able to attract the government's extension to the guarantee scheme may struggle to attract new funds and meet the large share of maturities falling due before the October expiry.

Only five finance companies have been accepted into the accepted scheme: Marac, South Canterbury Finance, Equit...

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