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Banks creaming it but some arent, so theyre bailing out of NZ. Whats up with that?
https://www.stuff.co.nz/business/opinion-analysis/300909978/why-a-market-study-into-banking-will-make-little-difference
“According to the May 2023 Reserve Bank Financial Stability Report, large New Zealand banks generate shareholder returns of (on average) 15%, compared to 11% for their counterparts overseas.”
and …
$300 per second!
https://www.stuff.co.nz/business/300910179/newsable-big-nz-banks-making-profits-of-300persecond
https://www.rnz.co.nz/news/national/492373/two-oranga-tamariki-staff-removed-after-claims-of-inappropriate-sexual-behaviour
…Chief executive Chappie Te Kani has, over the past week, been informed of two allegations involving staff acting inappropriately towards young people in Oranga Tamariki residences.g
…Former Police Commissioner Mike Bush will take on leadership of all Youth Justice and Care and Protection residences, and “lead a rapid review across all our residences, including our Oranga Tamaraiki community-based homes”, Te Kani said.
Bush will be assisted by Whaea Shannon Pakura, a former chief social worker and member of the Government Ministerial Advisory Board to the Minister for Children.
It was expected the review would take two months, after which the findings would be made public…