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NZ offers banks financial lifeline

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Published Date: 01 November 2008
NEW ZEALAND'S government has offered wholesale funding guarantees to leading banks and financial institutions, seeking to boost their ability to attract investment in tight credit markets.
The guarantee will be offered to financial institutions with an investment-grade credit rating and with substantial borrowing and lending.

The full article contains 51 words and appears in Edinburgh Evening News newspaper.
Page 1 of 1

  • Last Updated: 01 November 2008 10:52 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
  • Related Topics: Credit Crunch
 
 

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