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‘Consistently high profits’: bank competition to be investigated

ComCom market study expected to complete by August 2024.

Finance Minister Grant Robertson & Commerce and Consumer Affairs Minister Duncan Webb speak with press.

The Commerce Commission will assess competition in the banking sector to determine whether banks are working in the best interests of New Zealanders.

The Government has this afternoon officially announced the market study, following months of speculation.

Finance Minister Grant Robertson said New

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‘Consistently high profits’: bank competition to be investigated
Politics,
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