CBA boss Ralph Norris may be ordered to appear before the parliamentary inquiry into the Storm Financial investment debacle after a Nationals senator blasted him yesterday for failing to attend. (The Australian)
Macquarie has taken a $9.27bn hit on writedowns across its embattled listed funds as the investment bank moves to further scale back its bull-market satellite model.
One of Taiwan’s largest privately owned banks, First Commercial Bank, has chosen Brisbane for its Australian headquarters. The new branch will initially employ up to 15 people and invest about $80m in its first year of operations. (Courier Mail)
ANZ and Westpac are continuing to grow faster than their rivals in the retail banking market. They accounted for the lion’s share of all new household deposits lodged with local banks in July. (Herald Sun)
Australian workers are disgruntled and gearing up to change jobs as soon as the economy improves. These are the findings of a survey of 280 job-seekers by recruitment firm Aequalis Consulting this month. (Daily Telegraph)