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Government launches Commerce Commission probe into bank competition & profitability

Commerce Commission to provide preliminary report on competition in the banking sector by August as market study gets underway

New zealandSouth islandNew zealand generalNorth islandUnited kingdomNew zealandersRoger beaumontJohn kensingtonEdward millerDuncan webbAndrew baylyRebecca stevenson dan brunskillMark wilkshireChristopher luxonAntonia watsonGrant robertson

Australia s big four banks to be investigated in NZ inquiry into profits, competition in the sector after years of strong growth

New Zealand will launch an inquiry into profits targeting Australia s big four banks after years of strong growth saw them outperform global peers.

United kingdomNew zealandNew zealandersAntonia watsonDuncan webbGrant robertsonHagen hopkins gettyCommerce commissionNz banking associationRoyal commissionFinancial markets authorityLabour finance minister grant robertsonFinance minister grant robertsonGetty imagesReserve bankMinister duncan webb

New Zealand to probe profits of ANZ, Westpac, CBA, and Westpac in wide-ranging bank inquiry

New Zealand to probe profits of ANZ, Westpac, CBA, and Westpac in wide-ranging bank inquiry
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New zealandUnited kingdomNew zealandersChris hipkinsDuncan webbAntonia watsonJacinda ardernFinancial markets authorityCommerce commissionReserve bankCommerce minister duncan webb

Banks will engage with Commerce Commission market study but don t think it s needed

Banks say the sector is already competitive as the industry faces a government-ordered market study conducted by the Commerce Commission.

New zealandGrant robertsonCameron bagrieRoger beaumontAntonia watsonZealand banking associationCommerce commissionNew zealand banking associationFinance minister grant robertsonFinance minister grantRadio new zealandUblic radioUrrent affairs

Watch: Grant Robertson explains Budget 2023 at ANZ lunch

Watch: Grant Robertson explains Budget 2023 at ANZ lunch
stuff.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stuff.co.nz Daily Mail and Mail on Sunday newspapers.

New zealand generalNew zealandAntonia watsonSharon zollnerGrant robertsonFinance minister grant robertson