Govt spurred on to do something about banks' mega profits

The government's being told if it's worried about banks' mega profits it should take action and investigate. Bank earnings are surging, with Westpac reporting its annual earnings had risen by 12%, hitting just over $1b. The bank refused an interview - but said its underlying cash profit is actually down 2% down if the sale of Westpac Life is excluded. Regardless, Prime Minister Jacinda Ardern is calling the profits - across the entire sector - wrong. Here's our political reporter, Katie Scotcher.