December 07, 2019 BY Mariela Naydenova
New Zealand tightens control on Aussie banks - the reasons
New Zealand has a rather untypical financial industry structure: the country doesn't have its own banks, but it relies entirely on Australia's big four banks. As reported by Financial Review, the fact that the two countries share the same banks and the same "client" for exporting their commodities (China), if for some reason both economies…
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