- ANZ closed the institutional stockbroking business run out of its global markets arm. Formerly known as Linwar Securities, ANZ bought half the business in 2005 and bought out minorities last year. Nine staff will be redeployed within the bank or lose their jobs. The Age and The Australian reported on the closure.
- Wide Bay Australia's long-serving managing director, Ron Hancock, announced his retirement yesterday. Hancock established Burnett Permanent Building Society in 1966, which became Wide Bay after a series of mergers. Hancock will step down in November. A successor is yet to be appointed.
- August was the best month for mortgage aggregator the Australian Finance Group in more than three years, the group reported yesterday. AFG brokers processed A$3.07 billion of mortgages. AFG general manager Mark Hewitt said conditions for property buyers were "positive in terms of pricing and affordability".
