The Kākā by Bernard Hickey
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Our world-beating banks + AMA
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Our world-beating banks + AMA

Commerce Commission paper says NZ banks most profitable in the world relative to risk taken and profit volatility; Poll shows Labour-Green losing; July's climate record; FOMO returns; Ask Me Anything
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Our banks have “persistently high profitability” compared to banking sectors in international peer countries; and the Big Four “appear to persistently derive higher returns on equity than the rest of the NZ banking sector."Photos and montage: Lynn Grieveson / The Kākā

TL;DR: Kia ora! I'm back. Sorry for the two days of no email. The Kākā’s new climate correspondent Cathrine Dyer and I have been working away on a climate finance disclosure scoop. Hang tight. That’s coming later today.

In the news, the Commerce Commission suspects our big four Australian-owned banks are the most profitable in the world, relative to the volatility and risk involved earning that profit.

A new poll shows National-ACT could win on October 14, even if NZ First gets back in, and that Christopher Luxon has caught up to Chris Hipkins as preferred PM. Also, July was the world’s hottest month, climate-driven insurance premia are surging here and real estate agents now see prices rising for the first time since November 2021.

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The Kākā by Bernard Hickey
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The latest daily snapshot of the news, detail, insight and analysis on geo-politics, the global economy, business, markets and the local political economy for citizens and decision-makers of Aotearoa-NZ.