Work & Career

• John Kavanagh

After a long and unexplained delay, the government has finalised a set of ministerial rules required for the operation the Financial Accountability Regime, including an extensive list of responsibilit.. read more

• John Kavanagh

Women in the financial services face one of the highest pay gaps of any industry in Australia, according to the Workplace Gender Equality Agency’s latest gender pay gap study. read more

• George Lekakis

ANZ will slash up to 170 jobs in its commercial banking division ahead of a restructure of business operations in the coming months. read more

• John Kavanagh

The starting date of the Financial Accountability Regime has been put back because a series of ministerial rules required for the operation of the scheme have not been finalised. read more

• George Lekakis

Commonwealth Bank has hit back at union claims that it is set to sack more than 20 staff employed in branches earmarked for closure in coming months. read more

• George Lekakis

The rate of unionisation across the Australian financial services sector fell to a new low last year as banks shuttered hundreds of branches and accelerated rollouts of digital platforms. read more

• Ian Rogers

Reserve Bank of Australia staff have endorsed a three-year enterprise agreement, following a second vote that closed last Thursday. read more

• George Lekakis

While most banking industry workers are already pocketing 5 per cent salary rises, the RBA and the FSU remain at loggerheads over pay and conditions after six months of sporadic and almost fruitless e.. read more

• John Kavanagh

Westpac chief executive Peter King and some of his group executive team now have climate related measures included in their remuneration packages. read more

• Ian Rogers

Matt Comyn, CEO of Commonwealth Bank last week sold a parcel of shares in the bank with a market value of $1 million.  read more

• Ian Rogers

On Friday, Banking Day reported (correctly) that the RBA’s 2023 annual report disclosed a 10.5 per cent rise in the remuneration for then-governor Philip Lowe. There is nuance behind this number, howe.. read more

• Ian Rogers

Reserve Bank staff campaigning for a better pay offer from the bank will underline the pay benchmark set from the top – with governor Philip Lowe paid 11 per cent more in FY2023. As expected, the RBA.. read more

• George Lekakis

The Reserve Bank is facing the prospect of industrial action as its hardball negotiations with the Finance Sector Union intensify with no sign of agreement. read more

• John Kavanagh

APRA and ASIC have issued an information package setting out their approach to their joint administration of the Financial Accountability Regime and, for authorised deposit-taking institutions, detail.. read more

National Australia Bank is widening the range of business functions being handled at its overseas technology innovation centres to include more risk management functions in areas such as financial cri.. read more

• Ian Rogers

Commonwealth Bank and the Finance Sector Union have reached an in-principle agreement over an improved Enterprise Agreement, including a sector-leading pay rise. read more

• Ian Rogers

ABS labour force data once again shows that any narrative around efficiency and productivity in the banking and finance sector is hard to believe. read more

• Ian Rogers

Staff at the RBA have voted to reject a new enterprise agreement centred on a pay rise of 4 per cent. read more

• George Lekakis

Commonwealth Bank will have to cough up $3 million to thousands of branch staff who were told they were not allowed to take ten minute rest breaks in the last six years. read more

• George Lekakis

The Finance Sector Union is adamant the Reserve Bank will be forced back to the negotiating table after a 4 per cent pay offer is put to a vote of staff next week. read more