TSB-Heartland merger delayed as Reserve Bank scrutinises proposal after requiring TSB’s financials to be externally reviewed

🌐 New Zealand Herald (NZ) —
TSB-Heartland merger delayed as Reserve Bank scrutinises proposal after requiring TSB’s financials to be externally reviewed

AI Summary

The proposed merger of TSB and Heartland has been delayed while New Zealand's Reserve Bank scrutinizes the deal. The regulator required TSB's financial statements to be externally reviewed after issues were reported.

The RBNZ is still running the ruler over the proposed deal, after TSB reported issues.

Politics Markets Deals New Zealand TSB Heartland bank merger regulatory review financial statements

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