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Home > ABC News Daily > Are record bank profits fair?
Podcast: ABC News Daily
Episode:

Are record bank profits fair?

Category: News & Politics
Duration: 00:13:29
Publish Date: 2023-08-10 16:00:00
Description: The Commonwealth Bank reported a whopping $10.2bn profit this week, with the CEO saying strong banks are good for Australia.  But how is it making such huge money as its home loan customers are squeezed by rising interest rates?  Today, economist Angela Jackson on the fairness of big bank profits and whether the banks should be hit with a super profits tax.    Featured:  Angela Jackson, lead economist at Impact Economics and Policy
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