Briefs: Qld Police Credit Union hires COO, bank workers have lowest injury rates, Bank Australia ste
Queensland Police Credit Union has hired Mike Currie as inaugural Chief Operating Officer. Currie joins QPCU from Heritage Bank where for the past five years he was been Head of Credit. Bankers are unlikely to get physically hurt or sick at work, it seems. Of the 12.5 million Australians employed at some time in the last 12 months, 4.3 per cent first experienced a work-related injury or illness during that period, according to the Australian Bureau of Statistics. The industries with the lowest rates of work-related injuries and illnesses were 'Financial and insurance services' (18 per 1,000 employed persons), marginally safer than 'Professional, scientific and technical services' (19 per 1,000), 'Rental, hiring and real estate services' (21 per 1,000) and 'Information, media and telecommunications' (23 per 1,000). Bank Australia has committed to the We Mean Business Commit to Action climate leadership platform - the first Australian bank to do so. The commitments cover seven areas: the adoption of science-based emission reduction targets; pricing carbon; buying 100 per cent of energy from renewable sources; including climate change information in regular reports; engagement with climate policy; removing commodity-driven deforestation from supply chains by 2020; and reducing short-lived climate pollutants. The bank said in a statement that it became carbon neutral in 2010 and has reduced carbon emissions by 18 per cent since then. It offsets the carbon emissions associated with the cars it finances by planting trees in a conservation reserve. In an update to yesterday's bulletin, we reported Australia and New Zealand Banking Group has launched a new series of subordinated Tier 2 Australian dollar-denominated 10.5 year non-call 5.5 year floating rate notes, with ANZ as sole lead manager. The subordinated notes are expected to be rated A3 by Moody's, BBB+ by S&P, and A+ by Fitch. The transaction is expected to price today, 6 November 2015. Indicative pricing was said to be 270 basis points over swaps, which if true would be much wider than the 220 bps above the BBSW - or thereabouts - where ANZ's peers are currently trading on the secondary market.