The demand for knowledge workers is increasing across Australia as employers recruit these highly-skilled professionals to add immediate value and adapt to the rapidly changing and digitising world of work.
Commonwealth Bank has apologised to customers and paid $180,000 in fines after a programming error caused Australia's largest bank to incorrectly approve almost 11,000 overdraft applications. The bank has also written off $2.5 million in overdraft account balances after an internal review found the error in an automated calculator used to assess applications for personal overdrafts. The Australian Securities & Investments Commission said CBA has paid four fines totalling $180,000 after an internal review found the error, which led to the bank approving some overdrafts between July 2011 and September 2015 without considering the declared housing and living expenses of some consumers - a breach of responsible lending laws.
I recently wrote a story for my website entitled — Is the stock market in La La Land? Will it be trumped? — and it got a lot of critical reaction. One was from a reader, a US ‘friend’, who said she was glad I wasn’t an American, which means I don’t have a vote! The other was from a New Yorker, who wondered if I’d prefer “a commo” as President?
The problems with the Takata airbags became common knowledge last month, however, vehicles have been slowly called back to their dealers for much longer.