The Government is taking action and giving Kiwibank a financial boost in order to bolster banking competition.

A new Commerce Commission report on banking has found the sector isn't competitive enough - and offered up14 recommendations.

Harbour Asset Management spokesperson Shane Solly says this is an important step - and signals key changes to come.

LISTEN ABOVE

The Government is taking action and giving Kiwibank a financial boost in order to bolster banking competition.
A new Commerce Commission report on banking has found the sector isn't competitive enough - and offered up14 recommendations.
Harbour Asset Management spokesperson Shane Solly says this is an important step - and signals key changes to come.
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

Shane Solly: Harbour Asset Management spokesperson on the Government giving Kiwibank a cash injection to boost up banking competiton

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/60a8ad6a-dd30-4dbf-bed1-b2410075d85b/transcript

The Electricity Authority's report in to a toppled pylon has found the collapse was entirely avoidable.

The Transpower pylon north of Helensville fell - cutting power to 88,000 people in Northland - after unsupervised, inexperienced maintenance crews undid three legs at once.

The report found there was evidence removing all the nuts wasn't a one-off event.

ZB senior political correspondent Barry Soper says this incident came with significant economic impacts to Northland.

LISTEN ABOVE

The Electricity Authority's report in to a toppled pylon has found the collapse was entirely avoidable.
The Transpower pylon north of Helensville fell - cutting power to 88,000 people in Northland - after unsupervised, inexperienced maintenance crews undid three legs at once.
The report found there was evidence removing all the nuts wasn't a one-off event.
ZB senior political correspondent Barry Soper says this incident came with significant economic impacts to Northland.
LISTEN ABOVE

Best of 2024: Barry Soper - Northland pylon collapse was completely preventable

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b1581ebb-4ffb-450e-b3e9-b2520150878d/transcript

A charity boat was bringing 147 migrants that they'd rescued in the Mediterranean to Italy but the Italian Deputy Prime Minister Matteo Salvini refused. 

This has now come to court and Matteo Salvini is accused of kidnap and dereliction of duty over that refusal to allow the the boat to dock, and prosecutors in Sicily have asked judges to sentence him to 6 years in jail.

UK Correspondent Gavin Grey joins the show to talk about this and the Minister who's responsible for tackling corruption in UK financial markets is now alleged to be involved in a massive embezzlement in Bangladesh.

LISTEN ABOVE. 

A charity boat was bringing 147 migrants that they'd rescued in the Mediterranean to Italy but the Italian Deputy Prime Minister Matteo Salvini refused.&nbsp;
This has now come to court and&nbsp;Matteo Salvini is accused of kidnap and dereliction of duty over that refusal to allow the the boat to dock, and prosecutors in Sicily have asked judges to sentence him to 6 years in jail.
UK Correspondent Gavin Grey joins the show to talk about this and the Minister who's responsible for tackling corruption in UK financial markets is now alleged to be involved in a massive embezzlement in Bangladesh.
LISTEN ABOVE.&nbsp;

Gavin Grey: UK Correspondent on the verdict expected against Italian Deputy Prime Minister Matteo Salvini

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/0b942bf1-2cbc-40a3-b296-b24c006d2c3a/transcript

Sir Roger Douglas is disappointed with the ACT Party's response to this week's bleak Treasury forecasts. 

Douglas supported NZ First MP Shane Jones' response to the figures in which he made in an urgent debate in Parliament. 

David Seymour has 'annoyed' his party's founder. 

ACT Party Founder Sir Roger Douglas discusses this with Ryan Bridge. 

Sir Roger Douglas is disappointed with the ACT Party's response to this week's bleak Treasury forecasts.&nbsp;
Douglas supported NZ First MP Shane Jones' response to the figures in which he made in an urgent debate in Parliament.&nbsp;
David Seymour has 'annoyed' his party's founder.&nbsp;
ACT Party Founder Sir Roger Douglas discusses this with Ryan Bridge.&nbsp;

Sir Roger Douglas: ACT Founder supports Shane Jones

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5b687b3c-99b1-4b60-bcc9-b24c006b6e89/transcript

Shane Solly: Harbour Asset Management spokesperson on the Government giving Kiwibank a cash injection to boost up banking competiton

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