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Govt announcement of CommComm inquiry into bank profits, fees expected today

Author
Newstalk ZB,
Publish Date
Tue, 20 Jun 2023, 7:40am
Photos / NZ Herald
Photos / NZ Herald

Govt announcement of CommComm inquiry into bank profits, fees expected today

Author
Newstalk ZB,
Publish Date
Tue, 20 Jun 2023, 7:40am

Today the Government are set to announce a Commerce Commission inquiry into banks - with the focus expected to be on profits and fees.

In 2022, retail banks made a $7.8 billion net profit, $1 billion higher than the year before.

Associate professor at the Massey University Business school Claire Matthews joined the Mike Hosking Breakfast.

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