ALMOST two years after the $250 million collapse of electronic payments
provider Bill Express, investors will get the chance to hear the company's
executives give sworn testimony about what happened to the missing funds.
Liquidator PPB has sought orders from the Federal Court to force
Another issue, which came out of the response to the 2008-2009 global financial
crisis , will be the how fiscal and monetary policies interact, according to a
paper presented to the Reserve Bank of Australia 's (RBA) 50th anniversary
symposium in Sydney on Tuesday. Considerable
CIT ( CIT , Fortune 500 ), the small business lender that emerged from
bankruptcy in December , announced Sunday that it had chosen Thain to be its
chairman and CEO. Thain held the top post at Merrill before it was sold to Bank
of America ( BAC , Fortune 500 ) in September 2008, a
And this adolescent currency, and the polygamous marriage that produced it, has
never been in so much trouble as it is now. It's not just the GFC , although
that hasn't helped of course, but banging together such different groups people
into a union with one central bank, one set of
Australia's big four banks no longer need the Government's wholesale funding
guarantee to raise funds on global markets. But the nation's second tier banks
are in a more precarious position and the Bank of Queensland is warning that
the Government's action will undermine the smaller
By Alan Kohler And this adolescent currency, and the polygamous marriage that
produced it, has never been in so much trouble as it is now. It's not just the
GFC, although that hasn't helped of course, but banging together such different
groups people into a union with one central bank, one
"All of his bonus is in deferred equity, there is no cash," said spokesman Joe
Evangelisti on Friday. News about Dimon's hefty bonus comes amid a public
furore over big bonuses that some blame for the excessive risk taking that
fuelled the global financial crisis . Last
Lulled by ready access to low-cost credit, politicians have piled up
unsustainable debt service that the public will soon demand they stop paying,
he said. Bankers are selling municipal bonds based on unrealistic assumptions
of population and revenue, and will be held accountable when they
AFP Jamie Dimon, chief executive and chairman of Wall Street investment giant
JPMorgan Chase, has reaped a 2009 bonus of about $US16 million ($A18.5 million)
in shares and options on shares, a bank spokesman says. "All of his bonus is in
deferred equity, there is no cash," said
Click to enlarge photo "All of his bonus is in deferred equity, there is no
cash," said spokesman Joe Evangelisti. News about Dimon's hefty bonus comes
amid a public furor over big bonuses that some blame for the excessive risk
taking that fuelled the global
CIT ( CIT , Fortune 500 ), the small business lender that emerged from
bankruptcy in December , announced Sunday that it had chosen Thain to be its
chairman and CEO. Thain held the top post at Merrill before it was sold to Bank
of America ( BAC , Fortune 500 ) in September 2008, a
