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Sam Stubbs: Simplicity Founder on Kiwibank being allowed to raise $500 million in capital to compete with the major banks

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Manage episode 497446681 series 2098285
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

There's a belief it's going to be a long journey to get Kiwibank into the ring with the big leagues.

Finance Minister Nicola Willis has announced the bank's parent company is being allowed to raise $500 million from investors to help it compete with the four major banks.

Simplicity founder Sam Stubbs says Kiwibank will need more capital over time.

He told Mike Hosking if the country has five banks making profits, at least one will re-invest in KiwiSaver.

Stubbs says it'll bring pricing pressures into the market, which there's very little of right now.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

7907 episodes

Artwork
iconShare
 
Manage episode 497446681 series 2098285
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

There's a belief it's going to be a long journey to get Kiwibank into the ring with the big leagues.

Finance Minister Nicola Willis has announced the bank's parent company is being allowed to raise $500 million from investors to help it compete with the four major banks.

Simplicity founder Sam Stubbs says Kiwibank will need more capital over time.

He told Mike Hosking if the country has five banks making profits, at least one will re-invest in KiwiSaver.

Stubbs says it'll bring pricing pressures into the market, which there's very little of right now.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

7907 episodes

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