Barry Soper: ZB senior political correspondent on the Government bolstering Kiwibank in a bid to increase banking competition
Heather du Plessis-Allan Drive · Newstalk ZB
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Show Notes
The Government's helping boost competition in banking by bolstering Kiwibank.
The Commerce Commission recently painted the banking landscape as an oligopoly in a review - pointing to the domination by the big four Australian players.
Today, Prime Minister Chris Luxon's announced he wants to implement all its 14 recommendations and disrupt the status quo.
Newstalk ZB senior political correspondent Barry Soper says this boost won't make Kiwibank an equal to the big four in Australia - but a cash boost is good for consumers.
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