Latest from Kiwibank

Kiwibank: Longer wait for money back
KiwiBank customers whose bank accounts were cleaned out by a maintenance glitch on Sunday will have a longer wait to be reimbursed.

Bank glitch leaves customers short
A young solo mother was left with no money after a bank fault cleared her account and left her having to borrow money for her baby's nappies.

Bank ignites new mortgage war
The latest deal from a New Zealand bank to lure in new customers with "free" money and zero fees comes with a warning tag from financial experts.

Kiwibank next in bank fees lawsuit
Government-owned Kiwibank is next in the gun for the group targeting banks in a lawsuit alleging they're charging unfair fees.

Kiwibank hikes mortgage rates
Kiwibank has hiked two of its fixed mortgage rates for people who have deposits of less than 20 per cent.

Man charged with stealing from Kiwibank
A man told police he had no idea how $5000 came to be deposited in his Kiwibank account but he had spent most of it, the Dunedin District Court heard yesterday.

Xero bosses cash in on triple-price stock
Xero chairman Sam Knowles and chief operating officer Alastair Grigg have cashed in some of their shares, which have more than tripled in price in the past 12 months.

Greens want Kiwibank to take on Australians
The Green Party wants to bolster Kiwibank's capital so it can "really take on the Aussie banks".

Kiwibank cuts one-year mortgage rate
Kiwibank has today reduced its one-year home loan rate by 26 basis points and withdrawn a six-month special promotion.

Bank push to change KiwiSaver
Default provider arrangements for KiwiSaver do not encourage financial literacy and should be ditched, says state-owned Kiwibank.

Long-term mortgage rates war
Banks are slashing their long-term mortgage rates, with customers tied up for longer periods likely to save thousands.

Zero-interest loans to help poor families
A group of Auckland charities have quietly started lending money at zero interest rates to low-income families in a pilot project which may drive loan sharks out.

Banks unite in silence on giving client details to police
Banks have united to keep mum on how often they give customer details to police without a warrant.

Police checks routine work for banks
Banks get daily requests from the police for personal banking information, and one says it is influenced by law enforcement interest when it assesses customers.

Banks offer sweet deals
Banks are going into battle for new customers with free tablet computers, contributions to house painting and cash handouts all up for grabs.

ANZ betting on 'power of two'
ANZ Bank sees no rush of customers to rivals with death of National brand.

Kiwibank's rating downgraded
Homegrown lender Kiwibank could face an increase in its wholesale funding costs after being hit by a credit rating downgrade from Standard and Poor's.