The multi-party parliamentary banking inquiry has appointed three experts to act either as advisers or peer reviewers, Labour Finance spokesperson David Cunliffe says.

In a rare move, Parliament's Finance and Expenditure Committee (FEC) today issued a hard hitting and bipartisan report criticising the New Zealand banking sector, Labour Finance spokesman David Cunliffe said today.

13 November 2008 - Bank workers' union Finsec is calling on the banks to explain why the interest rates on credit cards haven't dropped in response to reductions in the Official Cash rate and in the face of mounting evidence that the recession is causing greater reliance on credit cards to cover