‘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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