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What's Wrong With the RBNZ's Bank Failure Plans?
https://www.storeboard.com/blogs/business/what’s-wrong-with-the-rbnz’s-bank-failure-plans-/100667
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.
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