Skip to content

Your Daily Ten@10

10 News Stories They Chose Not to Tell You

This is edition 2024/136 of the Ten@10 newsletter.

Welcome to the Ten@10, where I collate and summarise ten news items you generally won't see in the mainstream media.

This is normally for members in the VIP tier (old Silver and above), but for the next few days I will be sending it to all paid members.

I hope you continue to enjoy this weekday newsletter and if you aren't currently on the VIP plan please consider upgrading.

Enjoy!


1. The Banking oligopoly has been saved from radical reform

Bryce Edwards

  • 💼 The Commerce Commission's report on NZ banking spared major reforms, maintaining the status quo favorable to the Big Four banks.
  • 🏦 The NZ Banking Association welcomed the report, suggesting readiness to implement minimal changes.
  • 🗣️ Finance Minister Nicola Willis criticized the report's soft approach, advocating for tougher reforms to benefit consumers.
  • 🛠️ Radical proposals like structural separation of big banks were sidelined, disappointing advocates of market shake-ups.
  • 💬 Public skepticism remains high despite promises of open banking and KiwiBank expansion as potential solutions.

This post is for subscribers only

Subscribe

Already have an account? Sign In

Latest

The Good Oil Daily Roundup

The Good Oil Daily Roundup

Just a brief note to readers who like to add their own contributions to Daily Roundup in the comments. This post is for family friendly humour ONLY thank you.

Members Public
Good Oil Backchat

Good Oil Backchat

Please read our rules before you start commenting on The Good Oil to avoid a temporary or permanent ban.

Members Public