Bank profits are rising - what's the cause and will Government act?

New Zealand’s major banks have posted billions of dollars in profits.

This has led to criticism from Prime Minister Jacinda Ardern, who said it was wrong for banks to be making massive profits at a time when New Zealanders are struggling to make ends meet.

Stable banks have long been seen as integral to the economy, but do the current profits go too far? 

And if so, what can we do to address this issue, in a way that doesn’t harm economic stability in Aotearoa?  

Today, NZ Herald business editor at large Liam Dann joins Damien for discussion about the money machines in the New Zealand economy.

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Host: Damien Venuto
Producer: Shaun D Wilson
Executive Producer: Ethan Sills

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