Beefed up Kiwibank and open banking: Report calls for shakeup to NZ’s banking system | Stuff.co.nz

"Oligopoly" might not be a word you're familiar with,but it's how the Commerce Commission describes New Zealand’s banking system.

It means a few businesses exert significant control over a market. And in its long-awaited final report into banking competition, the Commission says our banking "oligopoly" needs to be shaken up. Grace Thomas explains. | Subscribe: https://bit.ly/2JPg8oB


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