Kiwibank today, what will the govt want to own tomorrow?

Kiwibank today, what will the govt want to own tomorrow?
Kiwibank is seeking to reposition as an aspirational brand for NZ. (Image:Getty)
Warren Couillault
I almost choked on my Weetbix this week when I read the government is to nationalise Kiwibank for some $2.1 billion. The first image to spring to mind was the societal and economic damage to Venezuela caused by Hugo Chavez when his government took over oil and gas in the country, then cement, steel, supermarkets and even glass manufacturing.Surely we can’t be headed down the same path here in New Zealand?  Is the Labour government going to stop at Kiwibank or might the NZ offshoots of certain of the Australian banks be targ...

More Finance

Decision to cancel licence for crowdfunder Equitise ‘not taken lightly’ – FMA
Finance

Decision to cancel licence for crowdfunder Equitise ‘not taken lightly’ – FMA

Repeat offender Equitise facilitated two deals after it was deregistered last year.

Jem Traylen 17 Apr 2024
Central banks slowly winning war on inflation
Finance

Central banks slowly winning war on inflation

But policymakers remain wary of rising prices. 

Bloomberg 16 Apr 2024
Greenslade to step down as Heartland announces Aus leadership
Finance

Greenslade to step down as Heartland announces Aus leadership

Heartland expects to complete the Challenger Bank acquisition by April 30. 

Staff reporters 08 Apr 2024
Suncorp flicks Asteron Life for $410 million
Finance

Suncorp flicks Asteron Life for $410 million

The NZ insurer will continue to operate as a standalone brand.

Staff reporters 04 Apr 2024