Daily Dispatches: AMP on the hunt

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Head of AMP's financial services division Craig Meller says the firm is on the hunt for acquisitions in the domestic market after NAB's swoop on Aviva Australia.

(Herald Sun)

A decline in the number of jobs advertised on the internet levelled off in June, according to the latest Olivier Job Index. (Sky News)

The earning power of shares of the Big Four banks will fall sharply this year because of a sector-wide round of capital raisings aimed at supporting expansion plans and shoring up their debt-stressed balance sheets. (Business Day)

A sudden late-night resignation of a top executive at a major bank is always bound to stir up interest. Last week the chief executive of Westpac-controlled BT Investment Management, Dirk Morris, handed in his resignation to the board of the funds manager that was partially spun off from the bank nearly two years ago. (The Age)

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