Australia

The lender has adopted a phased approach in using Twitter, YouTube and Facebook for recruitment.

This will increase Commonwealth’s stake to 20%, the maximum allowed for a foreign investor.

The only female CIO of a Australia’s big four has recently finished the lender’s technology blueprint.

Project 35 raised job loss fears as the lender aims to do business more efficiently and more effectively.

Through Project 35, the lender joins major banks in adjusting to a new, post-financial crisis environment.

Escalating borrowing costs and declining property prices erodes demand for mortgages in the developed world.

The outgoing Cabinet Minister eyed to bring an array of skills and experience to the position.

Australia’s top 4 banks, which include Westpac, hold $1tn loans portfolio in mortgages.

The class action by retiree Elizabeth Saunders and 14 others settled on a confidential basis.

The lender joins 11 others which could face similar suits regarding overcharging of fees.

Yet Prime Minister Julia Gillard stressed local banks have only marginal exposure to the euro-zone woes.

The proposed amendments would allow banks, credit unions and building societies to issue covered bonds in the Australian market.

Most non-bank lenders were absorbed by giant banks after the financial crisis.

The lender keen to woo American investors with Australian mortgages in the belief that foreigners are confident in the Australian housing market.

The lender’s chief believe influx of retail deposits would protect Australian banks against higher funding costs.

The lender gave weight to Grahame Petersen’s strong strategic skills and Annabel Spring’s extensive global banking markets and wealth management experience.