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The Commerce Commission says its initial review of banks found they were more profitable than overseas counterparts and its market study will be focusing on home loans and personal deposit accounts. Commission chairman John Small said the preliminary findings “raise questions for us”, and the commission wanted to understand whether lack of competition in personal banking was a contributing factor. “This is important in the context of our study as profitability can serve as an indicator of the

The Commission wants to establish if banks' high profits are a result of a lack of competition in personal banking.

Preliminary findings “raise questions for us”, says commission chairman.

Commerce Commission says which bank gets our savings and home loans could reveal whether there's enough bank competition

The Commerce Commission says businesses in New Zealand will save an estimated $105 million each year by a reduction in fees to accept Mastercard and Visa payments – savings expected to be sustained and flow through to Kiwis over time. With the introduction ...