Australia

Once upon a time, a typical job-search process involved simply browsing job advertisements in newspapers, writing a CV and cover letter and submitting them to the relevant organisation. However with ever-increasing technological advancements and the advent of social networking platforms, many job-seekers have ditched traditional methods of job-searching in favour of logging in to their social networks and trying to connect with potential employers. In fact, so overwhelming is the growth in social media that according to a recent blog post from their CEO Jeff Weiner, LinkedIn is growing at around one million new members each week, which equates to roughly one member per second. But are online networking sites really effective when it comes to finding your dream job in the banking and financial services industry, and what are the drawbacks to be aware of if you’re using social media in isolation? It’s public so your details are available to everyone One of the major limitations of relying on social networking to secure a job is that there is no filter on the people who can approach you. Your details are available to everyone, so you could find yourself inundated with queries from organisations you have no interest in working for, and regarding jobs that don’t nearly resemble the opportunity you are looking for. The end result: you waste valuable time and energy sorting the wheat from the chaff. It broadcasts your intention to being open to approaches from competitors even if you’re not – people make their own assumptions Something else to consider is the effect that the active use of platforms such as LinkedIn has on your standing with your current employer. If you’re not considered a ‘natural networker’ or it’s not a crucial part of your existing role to find new ways of connecting with other professionals, actively using these channels could potentially jeopardise your current work situation. You need to be vigilant about maintaining a professional presence While more casual social networks such as Facebook are intended to facilitate informal socialising between friends, they are also being increasingly monitored and used by employers to form opinions on job applicants. Some research even indicates as many as 44% of recruiters have eliminated candidates based on what they have found online (according to a survey conducted by ExecuNet).

Westpac's ability to tap the booming trade between Australia and China will strengthen if CBRC grants the license.

Westpac and ANZ’s move that has cut jobs in mortgages operation and debt collection is condemned by FSU.

The Pacific Financial Inclusion Program announced that representatives from some Pacific countries will join a delegation to attend the Boulder Institute of Microfinance training in Turin.

Kelly defied property experts’ forecasts by saying that although mortgage arrears have increased Australia’s economy will keep the housing market intact.

The problem was fixed it had been happening for days as NetBank site suffers "intermittent issues."

The Australian bank to give a full range of Indian Rupee and foreign currency banking services.

AgBank, BoCom, Bank of Baroda, and Union Bank of India among the ten international banks to exploit Australia’s booming mining and resources industry.

Analysts doubt on the lender’s ability to maintain its profit growth momentum, after the bank revealed a spike in mortgage arrears.

The lender immediately wants to test the market once new laws that seeks to clear the way for Australian lenders to issue covered bonds is passed.

The lender said companies would be left behind if they failed to grasp social media marketing, which had proved successful by its own experience.

As the rest of the world scurried to locate adequate collateral in order to secure transactions against mounting counterparty risk and to gain access to central bank liquidity, Asian banks and financial institutions were relaxed.

In the banking industry, growth is back on the agenda.

The pact enables ANZ to provide China Eximbank with finance facilities, offshore yuan bonds and other resources.

The issue is backed by 3,976 residential mortgage loans by an NAB unit.

NAB study shows 2.6mn Australians would have difficulty raising $3000 in an emergency while many lack access to basic banking services.