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Feature Stories

  • Behind the desk: From Amputee To World Champion

    Commonwealth Bank paraplanner Tristan Knowles has faced a number of defining moments as he embraced his disability and defied the odds to become one of the best wheelchair basketball players in the world. Zilla Efrat reports.[more]

  • Behind the desk: A helping hand

    Each year, the Bendigo and Adelaide Bank Scholarship Program helps young Australians achieve their academic dreams by offering financial support for those who need it most. Angela Faherty reports.[more]

  • HR Outlook Panel Discussion: The Big Divide

    The financial services industry has come a long way in improving gender diversity over the past few years, but still has a long way to go. That was the conclusion of the human resources (HR) experts participating in a panel discussion in Sydney in Oc[more]

By the Numbers

US$3.8bn Citi reported 3Q net income of US$3.8bn or US$1.23/share, a top line result which was 74 per cent up on the prior corresponding period and 13 up on the last quarter.

From the Back Page

Americans choke on $1 coin stockpile

The UK newspaper The Telegraph reported recently that a mountain of 1.2 billion dollar coins is sitting unused in US government vaults because the American public is so attached to the traditional dollar bill. The US Mint has been producing vast numbers of the gold-coloured coins after being ordered to do so by Congress in 2005.

American taxpayers could save $500 million (A$524m) a year if they switched from paper dollars, which wear out quickly and must be replaced, to the more durable metal version, according to  the US government accountability office.

Yet demand from banks for the coins has been so low that US$1.2 billion worth – which cost US$300 million to manufacture – are sitting in storage, an investigation by National Public Radio found.

According to The Telegraph, opinion polls show that three-quarters of the American public say they would prefer to carry on using the paper dollar bill, affectionately known as the “greenback”, which celebrates its 150th birthday next year.

 

Comment: AB+F Blog

Two early for reform celebration: The one-year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act passing into law rolled quietly by last month... [more]

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