301

Commonwealth Bank has proposed a pay rise for select staff of 3.75 per cent in this financial year, though workers judged to "require development" will get a rise of only two per cent. read more

A former facilities manager of the  Reserve Bank of Australia, Megha Mizerni, has pleaded guilty to one count of obtaining property by deception in the County Court of Victoria, The Age reporte.. read more

Endeavours by bank boards to pander to demands from investors for higher dividends need to be handled with care, Moody's Investors Service cautions. read more

PR Finance Group is pressing on with efforts to sell its main business, Motor Finance Wizard, to Marubeni, a Japanese trading conglomerate whose main interests in Australia are in mining. read more

Westpac has hired Gordon Goetzmann as chief strategy officer. read more

The Greens are pushing for a levy on the assets of big banks. The party proposes a new tax of 0.2 per cent on banks with assets of more than A$100 billion. read more

Australian governments and project sponsors "need to embrace new forms of infrastructure financing", the Prime Minister, Kevin Rudd, said in a speech at the National Press Club yesterday. read more

Wide Bay Australia, a listed building society, is to seek "bank" status, the Bundaberg-based firm said yesterday. read more

Growth in pay levels in financial services tapered off in the last year, though increases in pay rates are growing faster than at their nadir during the financial crisis. read more

The convergence of interest rates paid on deposits with rates of return earned on wholesale investment will persist. This force will help to drive the flow of funds away from banks and towards inter.. read more