Australia

The low-growth outlook for domestic banking seen to have caused Ian Narev’s appointment.

The lender recorded maximum profit amidst turbulent times under Norris’ leadership.

Commonwealth Bank of Australia chairman David Turner appointed Ian Narev as new CEDO to replace Ralph Norris who will retire in November.

More than 80% of the 150 major banks and corporate companies are studying how to harness m-payments.

The lender resorts to overseas income to compensate lethargic lending in Australia.

Clyne said the current European financial crisis has yet to affect its funding costs.

Despite a successful trial, Visa and ANZ wait for technology to evolve to fully replace credit cards with mobile phone payments in Australia.

Once upon a time, a typical job-search process involved simply browsing job advertisements in newspapers, writing a CV and cover letter and submitting them to the relevant organisation. However with ever-increasing technological advancements and the advent of social networking platforms, many job-seekers have ditched traditional methods of job-searching in favour of logging in to their social networks and trying to connect with potential employers. In fact, so overwhelming is the growth in social media that according to a recent blog post from their CEO Jeff Weiner, LinkedIn is growing at around one million new members each week, which equates to roughly one member per second. But are online networking sites really effective when it comes to finding your dream job in the banking and financial services industry, and what are the drawbacks to be aware of if you’re using social media in isolation? It’s public so your details are available to everyone One of the major limitations of relying on social networking to secure a job is that there is no filter on the people who can approach you. Your details are available to everyone, so you could find yourself inundated with queries from organisations you have no interest in working for, and regarding jobs that don’t nearly resemble the opportunity you are looking for. The end result: you waste valuable time and energy sorting the wheat from the chaff. It broadcasts your intention to being open to approaches from competitors even if you’re not – people make their own assumptions Something else to consider is the effect that the active use of platforms such as LinkedIn has on your standing with your current employer. If you’re not considered a ‘natural networker’ or it’s not a crucial part of your existing role to find new ways of connecting with other professionals, actively using these channels could potentially jeopardise your current work situation. You need to be vigilant about maintaining a professional presence While more casual social networks such as Facebook are intended to facilitate informal socialising between friends, they are also being increasingly monitored and used by employers to form opinions on job applicants. Some research even indicates as many as 44% of recruiters have eliminated candidates based on what they have found online (according to a survey conducted by ExecuNet).

Westpac's ability to tap the booming trade between Australia and China will strengthen if CBRC grants the license.

Westpac and ANZ’s move that has cut jobs in mortgages operation and debt collection is condemned by FSU.

The Pacific Financial Inclusion Program announced that representatives from some Pacific countries will join a delegation to attend the Boulder Institute of Microfinance training in Turin.

Kelly defied property experts’ forecasts by saying that although mortgage arrears have increased Australia’s economy will keep the housing market intact.

The problem was fixed it had been happening for days as NetBank site suffers "intermittent issues."

The Australian bank to give a full range of Indian Rupee and foreign currency banking services.

AgBank, BoCom, Bank of Baroda, and Union Bank of India among the ten international banks to exploit Australia’s booming mining and resources industry.

Analysts doubt on the lender’s ability to maintain its profit growth momentum, after the bank revealed a spike in mortgage arrears.