The boss of Westpac's New Zealand arm insists our banking market is competitive. 

Westpac is reporting a 10% increase in net profit in New Zealand while being hit by "intense market competition" in Australia. 

It comes as the bank bosses are being hauled before a banking inquiry at Parliament. 

Catherine McGrath told Mike Hosking the bank is positioned to support Kiwis as the economy starts to grow. 

She says as the smallest of the big four banks, Westpac believes any way to make competition easy is a good thing. 

LISTEN ABOVE 

The boss of Westpac's New Zealand arm insists our banking market is competitive.&nbsp;
Westpac is reporting a 10% increase in net profit in New Zealand while being hit by "intense market competition" in Australia.&nbsp;
It comes as the bank bosses are being hauled before a banking inquiry at Parliament.&nbsp;
Catherine McGrath told Mike Hosking the bank is positioned to support Kiwis as the economy starts to grow.&nbsp;
She says as the smallest of the big four banks, Westpac believes any way to make competition easy is a good thing.&nbsp;
LISTEN ABOVE&nbsp;

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The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Catherine McGrath: Westpac NZ CEO on the competitiveness of the banking sector, 10% increase in net profit

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/8e454d5c-aabd-43ee-a07d-b21e013310f4/transcript

One of the many things I have failed to truly understand about this election is just what is it they think Jennifer Anniston or Harrison Ford is going to do for your vote. 

The celebrity endorsement has been a mainstay of the Democrat's campaign – mainly because there are very few so called “famous people” in places like Hollywood that aren't liberals. She has not been short of choice. 

At some point I decided it started to look desperate.  

LeBron, Jon bon Jovi over the weekend with a song, Bruce Springsteen is an old favourite, Lady Gaga, and of course if they manage to roll out T swizz its reached peak endorsement. Or peak panic – one or the other. 

T Swizz has already endorsed, but it seems its better if you show up for a song. 

Jennifer Lopez showed up but didn’t sing, but she did manage to look sensationally earnest. 

My suggestion is this: celebs are a bust. They are not what they used to be. 

I love LeBron, I love what he is about, I love how good he is, and he can vote any way he wants, I’ll still love him. But he is never going to tell me how to vote, no matter which way I vote. 

Could he sway an impressionable 18 year old sports freak? Maybe. Maybe that’s why he’s out there.  

But a lot of them aren't of LeBron’s weightiness – a lot of them are as shallow as a puddle. That is modern celebrity. 

This isn't Carey Grant, Lucille Ball, or Shaun Connery; the days of mystery and intrigue. These are the days of TikTok, where these people are so omnipresent they could be our mail men, hence the star power is dimmed, the influence has faded. 

The idea that we can't think for ourselves is preposterous. 

If celebrities worked, this would be a land slide, and yet it isn't. It’s Trump and Hulk Hogan versus Harris and virtually the entire film and music industry. 

Somehow the Dems have missed the memo and if they lose, what does that say about the entire film and music industry? 

One of the many things I have failed to truly understand about this election is just what is it they think Jennifer Anniston or Harrison Ford is going to do for your vote.&nbsp;
The celebrity endorsement has been a mainstay of the Democrat's campaign – mainly because there are very few so called “famous people” in places like Hollywood that aren't liberals. She has not been short of choice.&nbsp;
At some point I decided it started to look desperate. &nbsp;
LeBron, Jon bon Jovi over the weekend with a song, Bruce Springsteen is an old favourite, Lady Gaga, and of course if they manage to roll out T swizz its reached peak endorsement. Or peak panic – one or the other.&nbsp;
T Swizz has already endorsed, but it seems its better if you show up for a song.&nbsp;
Jennifer Lopez showed up but didn’t sing, but she did manage to look sensationally earnest.&nbsp;
My suggestion is this: celebs are a bust. They are not what they used to be.&nbsp;
I love LeBron, I love what he is about, I love how good he is, and he can vote any way he wants, I’ll still love him. But he is never going to tell me how to vote, no matter which way I vote.&nbsp;
Could he sway an impressionable 18 year old sports freak? Maybe. Maybe that’s why he’s out there. &nbsp;
But a lot of them aren't of LeBron’s weightiness – a lot of them are as shallow as a puddle. That is modern celebrity.&nbsp;
This isn't Carey Grant, Lucille Ball, or Shaun Connery; the days of mystery and intrigue. These are the days of TikTok, where these people are so omnipresent they could be our mail men, hence the star power is dimmed, the influence has faded.&nbsp;
The idea that we can't think for ourselves is preposterous.&nbsp;
If celebrities worked, this would be a land slide, and yet it isn't. It’s Trump and Hulk Hogan versus Harris and virtually the entire film and music industry.&nbsp;
Somehow the Dems have missed the memo and if they lose, what does that say about the entire film and music industry?&nbsp;

Mike's Minute: The celeb trend for the election is a bust

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/fcaeacf6-9991-4302-9388-b21e0166052a/transcript

Place your bets – it's Melbourne Cup Day. 

Three New Zealand-trained horses are in this year’s race: Sharp N Smart, Positivity, and Trust In You. 

Sharp N Smart is the most favoured of the three Kiwi entrants and is owned by Graeme Rogerson and his wife.  

Debbie Rogerson told Mike Hosking they’re feeling good about their prospects. 

“We’re very, very happy with the horse,” she said. 

“Couldn't be more than happy the way everything’s just fallen into place.” 

LISTEN ABOVE 

Place your bets – it's Melbourne Cup Day.&nbsp;
Three New Zealand-trained horses are in this year’s race: Sharp N Smart, Positivity, and Trust In You.&nbsp;
Sharp N Smart is the most favoured of the three Kiwi entrants and is owned by Graeme Rogerson and his wife. &nbsp;
Debbie Rogerson told Mike Hosking they’re feeling good about their prospects.&nbsp;
“We’re very, very happy with the horse,” she said.&nbsp;
“Couldn't be more than happy the way everything’s just fallen into place.”&nbsp;
LISTEN ABOVE&nbsp;

Debbie Rogerson: Sharp N Smart co-trainer ahead of the Melbourne Cup race

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5a017d5b-293c-4094-8322-b21e015eeb9f/transcript

Germany's coalition government is on shaky ground.  

The country’s struggling economy has sparked infighting between the Social Democratic Party (SPD), the Greens, and the Free Democratic Party (FDP), with the coalition on the brink of collapse.  

Europe Correspondent Jo McKenna told Mike Hosking the three coalition parties have been holding emergency talks to try to bridge policy divisions. 

She says the Free Democratic Party's policy of tax cuts have been particularly unpopular. 

LISTEN ABOVE 

Germany's coalition government is on shaky ground. &nbsp;
The country’s struggling economy has sparked infighting between the Social Democratic Party (SPD), the Greens, and the Free Democratic Party (FDP), with the coalition on the brink of collapse. &nbsp;
Europe Correspondent Jo McKenna told Mike Hosking the three coalition parties have been holding emergency talks to try to bridge policy divisions.&nbsp;
She says the Free Democratic Party's policy of tax cuts have been particularly unpopular.&nbsp;
LISTEN ABOVE&nbsp;

Jo McKenna: Europe Correspondent on the infighting and shaky ground of Germany's coalition government

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/33159285-2786-43ac-88a9-b21e0159e130/transcript

Catherine McGrath: Westpac NZ CEO on the competitiveness of the banking sector, 10% increase in net profit

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