- David Foster, CEO of Suncorp Bank, received 65 per cent of his potential short-term bonus in the year to June 2012. Suncorp paid Foster a base pay of A$768,000 and a bonus of $553,000. He received the same bonus (proportionally) as other senior executives at Suncorp, other than the group CEO Patrick Snowball who was paid only 50 per cent of his potential bonus.
- Coles lowered the fee to use its ATMs to $1 per withdrawal at two cash machines in Melbourne supermarkets. It may lower the fees at another 30 locations, the Herald Sun reported. Customers Limited is the operator of Coles-branded ATMs.
- ANZ hired a Vietnamese official to open doors who was also paid by the RBA's associate company Securency for the same purpose, the Melbourne Magistrate's Court yesterday in connection with committal proceedings against eight people. The Financial Review reported on yesterday's hearing.
- The chief executive of Railways Credit Union, Julianne Plath, has been elected as a new member of the board of Abacus Australian Mutuals. Plath has been in the industry for 27 years and has been CEO of Railways since 2007. Abacus held its annual general meeting on Sunday. Don Magin was elected for a further year as chair and a further three years as a director.
