New Zealand’s conservative coalition government under National PM Christopher Luxon is contemplating the unthinkable—privatising Kiwibank, the only bank in NZ that provides any competition to the Big Four Australian-owned banks.
The Parliamentary Joint Committee on Corporations and Financial Services (PJCCFS) chaired by Labor Senator Deb O’Neill has refused to publish submissions many bank victims made to its inquiry into “the financial services regulatory framework in re
Commonwealth Bank CEO Matt Comyn has broken his promise to stop all regional bank closures until December 2026, with CBA announcing it will close its Buderim branch in Queensland’s Sunshine Coast at the end of this month, 31 May.
