Follow
the podcast on
There's a view a merger by Heartland and TSB won't hand the big four banks a massive blow.
Heartland Bank has struck a deal to buy TSB for $620 million, pending consultation and regulator approval.
Massey University banking professor Claire Matthews says the combined bank will still be smaller than the big four, and Kiwibank.
She says a lot of work's still needed to increase competition.
"It's not necessarily going to open up a huge access to capital, which is what's really needed for them to grow, and to become truly competitive."
LISTEN ABOVE
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeart app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeart is easy to use and all FREE
