Briefs: Job openings slump, Bendigo bond priced and Visa picks new CEO
Job opportunities in the financial services sector in Australia fell by 34 per cent over the year to September 2011, according to a "barometer" being promoted by jobs noticeboard eFinancial Careers. The fall in job openings in Australia was greater than in any other region. Finance openings in Singapore and Hong Kong fell by five per cent and 23 per cent, respectively. Bendigo and Adelaide Bank sold A$400 million in senior unsecured three-year bonds yesterday at a spread of 145 basis points over the three-month swap rate. The bank said the bond was three times oversubscribed and placed with 60 investors. Visa has hired Charles Scharf from JP Morgan as its new CEO. He replaces Joseph Saunders. Scharf is the head of the private equity business of the US bank and previously ran its retail arm.