Daily Dispatches: new CBA chairman

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CBA has extended the changes at the top level of corporate Australia by appointing a new chairman to lead the nation's largest home lender through the next stage of the financial cycle. (The Australian)

Major Australian banks could be forced to return capital to shareholders once the financial crisis clears, rather than storing funds on the balance sheet. HSBC global head of financial institutions banking Mark Stadler said the equity raisings by the top four banks so far this year had left them well-positioned to take advantage of foreign banks expected to leave the Australian market. (The Australian)

Suncorp-Metway expects its full-year profit before tax to fall as much as 18 per cent due to volatile financial markets and major insurance claims. (The Age)

Good news for Australian job hunters could spell bad news for home owners in coming months. (Sydney Morning Herald)

The Government yesterday named the board members of its National Broadband Network company, but financial advisory firm KPMG stole its thunder by outing itself as the lead adviser for the $43bn project. (Herald Sun)

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