A banking expert says a TSB–Heartland Bank merger may not transform the market but could still be a good thing for Kiwis.  

Heartland has struck a deal to buy TSB for $620 million and form a new entity by the end of the year, pending consultation and regulatory approval. 

Banking Reform Coalition Convener Kent Duston told Heather du Plessis-Allan the banks' regional focus is a point of difference.  

He says compared to the big Aussie banks, both have a great reputation for good customer service and doing things well. 

LISTEN ABOVE 

A banking expert says a TSB–Heartland Bank merger may not transform the market but could still be a good thing for Kiwis. &nbsp;
Heartland has struck a deal to buy TSB for $620 million and form a new entity by the end of the year, pending consultation and regulatory approval.&nbsp;
Banking Reform Coalition Convener Kent Duston told Heather du Plessis-Allan the banks' regional focus is a point of difference. &nbsp;
He says compared to the big Aussie banks, both have a great reputation for good customer service and doing things well.&nbsp;
LISTEN ABOVE&nbsp;

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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,...

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Kent Duston: Banking Reform Coalition Convener on Heartland striking a deal to purchase TSB and form a new banking entity

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7cbab09d-7ad4-4f2b-80e5-b45d014daf0a/transcript