Pattrick Smellie: BusinessDesk managing editor on the Government confirming Commerce Commission probe into banking sector
New Zealand's major banks are set to go under the microscope.
The Government has confirmed a Commerce Commission probe into banking sector competition and barriers new market competitors face.
The Commission will also investigate banks’ profitability and other financial measures.
BusinessDesk managing editor Pattrick Smellie says history indicates this probe won't deliver as much as people hope for- or expect.
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