Podcasts Other The Mike Hosking Breakfast David Cunningham: Squirrel Mortgages CEO says an inquiry into banking probably wouldn't create much change

David Cunningham: Squirrel Mortgages CEO says an inquiry into banking probably wouldn't create much change

Published: March 14, 2023, 6:26 p.m.

An expert says a probe into banking may not be the fix for issues in the sector.

Latest figures from KPMG show bank profits reached a record high $7.15 billion in the year to September, up 17 percent on the year before.

It comes after the Government voted against a select committee inquiry into banking, instead considering whether to order a Commerce Commission market study.

Squirrel Mortgages' David Cunningham told Mike Hosking an inquiry probably wouldn't create much change.

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