https://www.nbr.co.nz/article/rbnz-s...watch-b-187456
Famous last words?
Actually, I think the RBNZ has done a good job with CBL on balance.
They placed CBL under close supervision, gave CBL time to raise more capital but as the old saying goes, 'you can lead a horse to water but you cannot force it to drink', CBL decided it knew better.
The rrest as they say, is history.
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