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23 Sep 2020 12:50
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  •   Home > News > Politics

    New bank restrictions could push the thorn of business confidence deeper into the Government's side

    New bank restrictions could push the thorn of business confidence deeper into the Government's side


    Minimum capital requirements have been upped, meaning banks need to raise about 20 billion dollars over the next seven years.

    Canterbury Employers' Chamber of Commerce head Leeann Watson says the uncertainty around the requirements, is bad for business.

    She says it could lead to lower investment, which flows on to lower business confidence.

    © 2020 Newstalk ZB, NZCity


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    How did the UK end up back on the brink of a second national coronavirus lockdown? 12:47

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