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Daily Dispatches: bank staff asked to take unpaid leave

Bendigo and Adelaide Bank is asking its employees to take 10 days in unpaid leave, sources inside the bank confirmed. More than 5000 staff received an email asking them to consider the measure. The bank gave workers until the end of the month to decide. (Business Day)

Business confidence may have turned up and the stock market is jumping, but Wayne Swan has a new crisis to deal with: the lifeline he extended Australia’s second-tier banks has run out and he’s done nothing about it. (Sydney Morning Herald)

ANZ said today that there has been no change to plans for Rod Eddington to take over the chairman’s role next year. (The Australian)

Bank of Queensland has burned customer goodwill and may face legal action after a NSW franchise was terminated last Friday. The closure follows BoQ earlier this year saying some outlets were underperforming and it planned to shut 11 NSW branches. That has risen to 12, reducing its number of outlets there to 44. (News.com.au)

UBS has rejected as “unequivocally incorrect” and “malicious” suggestions that its winning of the mandate to handle Asciano Group’s $2.35bn capital raising is linked to its deal to provide a loan to the debt-laden port operator’s managing director, Mark Rowsthorn. (The Age)

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