I read with growing interest and some alarm Liam Dann's article ("We can't let Aussies hijack our banking debate", Herald on Sunday, June 9) about the Aussie "big four" banks and a growing banking storm.

Governor Adrian Orr and the Reserve Bank are correct in their desire to "raise the capital banks hold to guard against the risk of a global financial failure" and perhaps we shouldn't be surprised at the bank bosses' banshee-like (perhaps that should be bankshee) howling about shareholders' concerns regarding "higher interest rates, less lending or less investment in New Zealand".

Really? I am


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