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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Finance
4 mins to read

‘Call to action’: Big Four banks put on notice over competition

The Commerce Commission is not impressed with the country’s largest banks, and the Govt is responding with ‘urgency’.

WATCH: Commerce Commission chair John Small speaks with Jonathan Mitchell.

New Zealand’s large banks have been put on notice: you are putting profit margins first and New Zealanders second.

Finance Minister Nicola Willis produced a stinging response and, in her words, a “call to action”, after the Commerce Commission’s final report into personal banking services,

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Jonathan Mitchell Wed, 21 Aug 2024
Contact the Writer: jmitchell@nbr.co.nz
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‘Call to action’: Big Four banks put on notice over competition
Finance,
105433
true