TSB and Heartland Bank are looking to join forces by the end of the year.

TSB owner Toi Foundation's seeking feedback on the plan to join with Heartland Bank, to the tune of $620 million.

Finance Minister Nicola Willis welcomes this decision to team up and take on the big Australian banks.

"That's positive, and good for the state of banking competition."

LISTEN ABOVE

TSB and Heartland Bank are looking to join forces by the end of the year.
TSB owner Toi Foundation's seeking feedback on the plan to join with Heartland Bank, to the tune of $620 million.
Finance Minister Nicola Willis welcomes this decision to team up and take on the big Australian banks.
"That's positive, and good for the state of banking competition."
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Nicola Willis: Finance Minister on whether the TSB and Heartland merger will boost banking competition

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ab322fa2-9cca-4327-9818-b45d0077b2a2/transcript