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
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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