8 Mar 2023

Calls growing louder for inquiry into banks

From Morning Report, 7:38 am on 8 March 2023

Calls are ever louder for an inquiry into bank profits. According to the most recent figures, it's understood the Australian owned banks make more than $16 million in profit every day, six-billion-dollars a year.

Simplicity KiwiSaver founder Sam Stubbs has joined the Reserve Bank, and others in calling for a market inquiry.

He spoke to Guyon Espiner.