The Commonwealth Bank (CBA) has defended its decision not to fully pass on yesterday’s 100 basis point cut in interest rates.
 Ralph Norris, CBA chief executive, says he expects the bank to cut interest rates further when the global financial system stabilises.
“Once we get back to a normalised market situation, I think it’s fair to say [...]

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AAAI’s new website
The AAAI Group has launched its new website at www.aaai.com.au. They have made their website easier to navigate, more user friendly and have added a range of new features. The new site features a streamlined navigation system which now only contains four main sections, helping candidates get to what you want faster. They [...]

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The National Australia Bank (NAB) has announced that CEO John Stewart will step down at the end of 2008.
Stewart will be replaced in January by head of NZ’s operations, Cameron Clyne who has previously worked for accounting firm PriceWaterhouseCoopers.
Mr Stewart believes that after 18 months of preparations by the bank’s board, Mr Clyne is the [...]

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The Commonwealth Bank has announced it is increasing its variable home loan interest rates by 0.14 per cent.
The bank’s standard variable rate home loan will increase from 9.44 per cent to 9.58 per cent from Monday for both new and existing customers and its basic variable home loan from 8.93 per cent to 9.07 per [...]

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