Calls for a Royal Inquiry into banks in NZ similar to Australia's recent inquiry

Night Talk 07/08/2018
Image: Getty.

Every Tuesday night after the 10pm news, Mitch Harris is joined by Elevation Capital founder and CEO Christopher Swasbrook to talk on the latest in business.

Tonight: Mitch and Chris are joined in studio by Sam Stubbs, Managing Director of Simplicity Kiwisaver Investment Funds, who is calling on the New Zealand government to undertake a Royal inquiry into banks in New Zealand.

He says Australian banks in New Zealand take over $5billion from New Zealanders annually, and the cost of the inquiry (thought to be $50million) is only 1 percent of what is taken from NZ each year - and the inquiry would be money well spent.

Night Talk with Mitch Harris, 8pm - 12am Monday to Thursday nights on RadioLIVE, and streaming live to the rova app on Android and iPhone.