Wellington, June 17 NZPA - The PSIS turned a bottom line loss in the previous financial year into a profit in the latest year, but its underlying profit almost halved.

Parliament's finance and expenditure select committee yesterday released a report accusing the banking sector of gouging at the expense of ordinary customers like you and me at a time of global recession.

Wellington, June 8 NZPA - Rates for longer term fixed mortgages continue to rise, highlighting the limits to the Reserve Bank's influence ahead of an interest rate decision on Thursday.

Wellington, June 5 NZPA - Kiwibank chief executive Sam Knowles will fill in as New Zealand Post Group chief executive but is not seeking the role permanently.

Wellington, May 28 NZPA - Kiwibank will drop a $200 fee for customers seeking to increase their mortgages to install subsidised home insulation and heating. In the budget revealed today, the Government set aside $323.3 million over four years to make New Zealand houses warmer.

Wellington, April 30 NZPA - The Commerce Commission has found that loan break fees charged by four banks are "likely to be reasonable" and is continuing to investigate the fees charged by three other banks.

Wellington, April 9 NZPA - Kiwibank has eased its two-year mortgage rate down 10 basis points to 6.09 percent. The new rate came into effect today and interest.co.nz reported it was the lowest two-year rate now offered by a bank.

Wellington, March 27 NZPA - More retail banks today rushed to boost mortgage rates, continuing the squeeze on home buyers seeking longer-term loans. The Bank of New Zealand said its fixed housing rates for 3, 4, 5, and 7 year terms were reflecting the rising cost of long-term funds.

Wellington, March 24 NZPA - Rising fixed-interest loans at major banks is good news for the country's savers, but the Finance Minister has urged banks to remember their borrowers.

Wellington, March 24 NZPA - Recent rise in some fixed-interest loans by major banks are not unexpected, Massey University director of banking studies David Tripe says.