A[ edit ] Christa Ackroyd — main presenter on Look North from until She had previously been a presenter on Yorkshire Television 's Calendar during the s. Kate Adie — chief news correspondent for BBC News during which time she became well known for reporting from war zones around the world — her first major assignment was reporting on the Iranian Embassy siege in London in
As the country's biggest lenders, they played a pivotal role in how the BBSW benchmark was calculated. The methodology was changed in following the international Libor scandal.
The BBSW, which is used to price everything from corporate loans to mortgages, is now based off a collection of live rates from the market.
Their claim, filed in a New York court, is seeking a jury trial with the intention of recouping millions of dollars lost due to the alleged rate-rigging.
All the parties involved in the US litigation have declined to comment or weren't reachable for comment. Image caption Australia's "Big Four" banks have posted years of record profits Much of the US lawsuit is based off what the plaintiffs call "smoking gun evidence" uncovered by Australia's financial watchdog, which had fired the first legal salvo over potential manipulation of the BBSW.
The three banks have collectively denied the ASIC allegations and said they plan to "vigorously defend" themselves against the charges. Under scrutiny Storm clouds have been brewing around Australia's banks in recent years. They've had a string of high-profile cases hitting the headlines, ranging from allegations that insurance units manipulated reports to class action lawsuits over late fees and toxic workplace environments.
Australia's government is now under pressure to launch an inquiry, known as a royal commission, into potential misconduct and malpractice in the financial sector because of the scandals.
Image copyright Thinkstock Image caption Have Australia's "Big Four" banks lost some of their credit in the eyes of global investors?
Dealing a further blow, major ratings agencies have cut their outlook on Australia's banking system to "negative". A credit downgrade could potentially raise their funding costs. Some analysts are also sounding alarm bells, saying that the banks' earnings growth is under pressure from new capital rules, increased competition and rising funding costs.
There are also concerns over the impact of Australia's housing bubble, given home loans account for the bulk of local bank assets.
Australia has one of the world's highest levels of household debt. As the local economy transitions from the mining boom, technological advancements have exposed their business model to weaknesses. It has helped ignite a national debate over the future of Australia's banking landscape. For decades Australia's big banks have controlled more than three-quarters of the market.
They hold assets around four times the size of the country's economy. It was intended to preserve competition by preventing further consolidation. Image copyright Getty Images Image caption Former Australian PM Paul Keating came up with the "Four Pillars" policy when he was Treasurer in Some believe the policy is now past its use-by date and has instead stifled both competition and innovation.
So can we expect change?The Hollywood Reporter is your source for breaking news about Hollywood and entertainment, including movies, TV, reviews and industry blogs. List of former BBC newsreaders and journalists. Jason Dasey – Australian sports presenter on BBC World News between and , including Newsday with Philip Hayton.
Max Foster – business reporter and presenter on BBC Breakfast until he left for CNN International in ;. Aaron Heslehurst (born 6 November in Sydney, Australia) is a BBC World television presenter often seen presenting World Business Report. Since March , he has also appeared on BBC Breakfast presenting the business news as well as a regular presenter on Notable credit(s): BBC Three, BBC News, BBC World News.
The BBC said on Friday that BBC Studios will launch its production arm down under with its first commission, a second edition of science format Stargazing Live for the Australian Broadcasting Corp. The Australian National and International News with in-depth Business News and Political coverage including Lifestyle, Arts and Sports and more online at The Australian.
Reporter Chris Uhlmann’s commentary tearing into American president – a man with ‘no desire and no capacity to lead the world’ – reverberates to Washington.