Gold Survival Gold Article Updates: Apr. 10, 2014 This Week: NZ Government Deficit May be Bigger Than Expected Bank Bail-Ins Going Global Reader Question on Gold and Silver and Airport Customs Rather a quiet news week this one in the world of precious metals it seems. Can’t say we’ve come across anything too earth shattering […]
Tag Archives: bank failure
05
Feb
Feb
Here’s a quick video summary of the Reserve Bank Of New Zealand’s Open Bank Resolution (OBR) scheme. Implemented in June 2013 as an alternative to a government (i.e. tax payer) bail out of any failed bank in New Zealand, this rather innocuous sounding name actually means a Cyprus like bank “bail in” or depositor “Hair […]
20
Mar
Mar
Unless you’ve been under a rock (or without broadband and TV for 3 days like me!) you will have no doubt heard about the “bail in” of banks via bank depositors in the small island nation of Cyprus. The proposal (which has since been voted down) was to tax – a.k.a. steal funds – up […]
20
Nov
Nov
What happens if a bank fails in New Zealand? If your bank failed tomorrow, what would happen? Who knows is the current answer. If it was a small bank the government may leave it to the statutory managers and so depositors might get wiped out completely if the bank was devoid of assets. But, if […]
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