Bad bank, non-bad bank

Bad bank, non-bad bank
Nearly half the world's financial institutions are lightly regulated 'non-banks'. (Image: Pexels)
David Chaplin
Banks are bad.Just ask Simplicity chief, Sam Stubbs, who spends an inordinate amount of time calling for government inquiries into the alleged fee-gouging Australasian bank cabal.For example, in the wake of a strong profit-reporting season for the big four Australian banks this November, Stubbs told NewsTalkZB: “If you're making that much money and your customers are that unsatisfied, and it's so hard to compete, it's probably worth an inquiry.”But given the big four Aussie financial institutions represent about a quarte...

More Opinion

The cost of climate inaction
Opinion

Dileepa Fonseka: The cost of climate inaction

Doing nothing will likely cost NZ more than taking action ever will.

Dileepa Fonseka 20 Jan 2025
'Build it and they will come'
Opinion

Simon Robertson: 'Build it and they will come'

A full-blown reset is happening if you are reading the tea leaves globally.

Simon Robertson 18 Jan 2025
Surviving Trump's ‘whack-a-mole’ tariffs
Markets

Brian Robins: Surviving Trump's ‘whack-a-mole’ tariffs

Trump's end game is to curtail China's trade position.

Brian Robins 17 Jan 2025