8 Mar 2023

Do bank profits need investigating?

From Midday Report, 12:42 pm on 8 March 2023

The National Party has asked Parliament's Finance and Expenditure Select Committee to have a short, sharp inquiry into the retail banking sector amid growing calls for an investigation.

According to the most recent figures, it's understood the Australian owned banks make more than $16 million in profit every day, $6 billion a year.

The Green Party also supports an inquiry.

Massey University business school associate professor Claire Matthews spoke to Māni Dunlop.