Latest from Kiwibank

Morgan stepping down from Gareth Morgan Investors

Claire Matthews: Win on bank fees suit may send wrong message

A massive class-action suit being taken against New Zealand's big four banks and Kiwibank was announced with much fanfare earlier this week.

Finance sector profits soar

Profits in the finance sector rocketed up last year despite New Zealand's sluggish economic growth with the banks making close to $3.7 billion.

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.

Debt levels drop