‘Not illegal, but banks too friendly’: ComCom reinforces to MPs
Competition watchdog fronts at Finance & Expenditure Select Committee today after last week's report put spotlight on ‘maverick’ Kiwibank.
The Big Four were put on notice last week over putting profit margins ahead of customers.
The Big Four banks are doing nothing illegal but are a little too friendly with each other, and a competitive play by Kiwibank could spook the Aussie-owned banks, Commerce Commission chair John Small reinforced today.
He and other senior leaders appeared at the Finance and Expenditure Select
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