The land of the long white cloud is, like Australia, also a land of the corporate oligopoly.
And Australia’s banks – also the biggest in New Zealand – now face increased scrutiny from Wellington, where, as in Canberra, politicians are eager to point fingers of blame for the surging cost of living in an economy struggling to contain rampant inflation.
James EyersSenior ReporterJames Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
