Sam Stubbs: Simplicity CEO on Govt's $2.1 billion purchase of Kiwibank

from Best of Business · host Newstalk ZB

The head of one of our biggest KiwiSaver providers fears Kiwibank will effectively become a zombie bank. The Government has spent $2.1 billion to buy the bank's parent company from independent crown entities ACC, NZ Post and NZ Superfund, meaning it now fully owns it. Simplicity CEO Sam Stubbs joined Mike Hosking. LISTEN ABOVESee omnystudio.com/listener for privacy information.

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This episode was published on August 22, 2022.

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