Winston Peters announces a policy to automatically enrol all newborn New Zealand citizens into KiwiSaver with a $1000 government contribution and proposes buying back the Bank of New Zealand to merge it with Kiwibank, forming a state-owned bank to reduce foreign bank dominance.
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commercial viability under political pressure
Peters' buyback bank plan 'bad signal' for investors: analystcommercial viability concerns in public banks
Bank nationalisation threat a 'bad signal' for investors - analystSpotted something wrong on this page? Report a correction.