Does New Zealand need an inquiry into bank profits?

Banks last year made a record $7.18 billion, a net profit after tax that came in a billion dollars higher than 2021. The revelation comes amidst calls from the National Party for an inquiry to be held into the retail banking sector - calls Labour has so far rejected.  This week, Tamsyn talks to Massey University’s Claire Matthews to discuss if an inquiry is necessary, and what the future holds for the sector. See omnystudio.com/listener for privacy information.