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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