Business · NZ ·
Heartland shareholders vote on TSB merger deal
Interest.co.nz · Business
Published · Updated
- Heartland Group Holdings held a special shareholder meeting to seek approval for its $620 million takeover of TSB.
- The combined entity, TSB Heartland Bank, would operate as a New Zealand challenger bank with regional focus.
- The Reserve Bank asked TSB to obtain an independent report after TSB reported issues with calculating regulatory liquidity and capital ratios.
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