When the Reserve Bank sought feedback on requiring the country’s major banks to raise their capital reserves then you might have expected the banks to whine and complain.
An extraordinary level of profit-taking still being extracted by the Australian Banking Gang from ordinary New Zealanders.
David Hisco’s nine years as CEO of ANZ (while his expense claims went by unbothered by board oversight) has been a weird echo of the nine years of social neglect by the previous National government.
Farm debt in New Zealand has exploded by 270% in the last 20 years, to around $63 billion.
When it comes down to protecting the most vulnerable, Parliament can sometimes move at glacial pace, and do the bare minimum.