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UPDATE 1-Australia, NZ amend guarantees on big bank deposits

Reuters UK (Free subscription) | 22/10/2008

(Recasts with New Zealand, adds detail, background)By James GrubelCANBERRA, Oct 22 (Reuters) - Australia and New Zealand will amend blanket guarantees for large bank deposits as a flood of redemptions triggered by the financial crisis threatens non-guaranteed cash trusts and mortgage funds.Australia's government said on Wednesday it would now impose a fee for the guarantee for deposits...