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Showing posts with label Responsible Business Banking Policy. Show all posts
Showing posts with label Responsible Business Banking Policy. Show all posts

Saturday, July 25, 2020

Heather du Plessis-Allan: It is not a bank's job to decide who are the goodies and baddies


Shane Jones reckons that Kiwibank's board has gone bonkers and I have to agree with him.

If you haven't caught up on this, Kiwibank seems to have taken it upon itself to be New Zealand's moral police. It has released its Responsible Business Banking policy, which bans a whole bunch of industries from doing business with it.

Casinos, fossil fuel producers, the non-medicinal and recreational drugs industry, the military grade firearms industry, predatory lenders, tobacco manufacturers and, a bit of a surprise, brothels and strip clubs.