Kent Duston: Banking Reform Coalition Convener on Heartland striking a deal to purchase TSB and form a new banking entity

A banking expert says a TSB–Heartland Bank merger may not transform the market but could still be a good thing for Kiwis.   Heartland has struck a deal to buy TSB for $620 million and form a new entity by the end of the year, pending consultation and regulatory approval.  Banking Reform Coalition Convener Kent Duston told Heather du Plessis-Allan the banks' regional focus is a point of difference.   He says compared to the big Aussie banks, both have a great reputation for good customer service and doing things well.  LISTEN ABOVE See omnystudio.com/listener for privacy information.