RBNZ's Wheeler drawn into Green Party politicking, says bank returns still below GFC levels

Tue, 04 Dec 2012

By Paul McBeth Dec. 4 (BusinessDesk) - Reserve Bank governor Graeme Wheeler has scotched claims by the Green Party that he has a bias in favour of the country's Australian-owned banks, and defended statements saying the lenders' return on equity is still below pre-crisis levels. Wheeler, who delivers his maiden monetary policy statement on Thursday, released bank profitability figures given to the Greens, which he used to support comments before Parliament's finance and expenditure committee that bank profits were "about average or below" ot...

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