Steven Munchenberg announced on Friday that he will step down from his position as chief executive of the Australian Bankers Association.  Munchenberg has been in the job for six and a half years. ABA chair Andrew Thorburn said Munchenberg would stay on until his replacement was found. Jane Halton, a senior public servant until recently, has joined the board of ANZ. Until her retirement, only in the last month, Halton was Secretary of the Australian Department of Finance, while her previous roles include Secretary of the Australian Department of Health, Secretary for the Department of Health and Ageing, and Executive Co-ordinator (Deputy Secretary) of the Department of the Prime Minister and Cabinet, ANZ said. Teachers Mutual Bank has raised A$100 million of funding through an issue of three-year senior unsecured notes. Teachers will pay a margin of 140 basis points over the three-month bank bill swap rate.