Are the banks making too much money?

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Wed, 04 May 2011 8:09a.m.

ANZ made a half-year profit of $478 million

ANZ made a half-year profit of $478 million

The profit reporting season for the big four banks is underway, with ANZ New Zealand announcing its figure yesterday, and Westpac today.

ANZ made a half-year profit of $478 million, up 23 percent. It sounds a lot when you consider times are tough - so are the banks making too much money?

Firstline's Rachel Smalley talks to 3 News business editor Michael Wilson – watch the full interview.

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16 May 2011 04:30a.m.

ANGRERS ME wrote:

Well no wonder bloody Australia is doing so well, we are pretty much feeding them money for their great life style. And i wonder if the banks charge themseles banking fees when shipping the money back to australia