Claire Matthews: Massey University banking expert on the Government critiquing the banks' withdrawal of lending to petrol stations
The Prime Minister has taken aim at the chief executives of New Zealand’s largest banks saying it was 'utterly unacceptable' that some were withdrawing banking services from petrol stations and mines.
Chris Luxon joined Mike Hosking earlier today to explain that the banks needed to keep funding businesses Kiwis need to keep moving forward - and expressed concern at rural petrol stations in particular losing their funding.
Massey University banking expert Claire Matthews says the Government has the option to put regulations in place to reverse these changes - but warned this choices comes with…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.