Personal finance: Safe banking in troubled times

Money expert Liz Koh joins Kathryn to talk about how banks have always been a safe haven for investors during times of economic downturn, but recent failures around the world have shaken investor confidence. There are two important questions on the minds of investors. Are banks as safe as they used to be? Will we see bank failures in New Zealand? She'll talk about the Reserve Bank's financial stability report, which is published every six months, and credit rating details of banks which can be found here. For a full explanation of credit ratings, there is a very useful guide on the Reserve Bank website.