Movenbank negotiates Australian entry. The cool bank for Facebook fanatics. Tony Boyd Designed for handheld devices, Movenbank relies on near field communications technology to be useful and accessible to its customers.
Photo: Rob Homer Imagine a bank with no branches that lives by the philosophy that the number of Facebook friends and Twitter followers you have will be critical to determining the quality of the services you receive. This is a dream institution for those heavily into social networking and keen on giving more thought to managing their finances.
The bank, known as Movenbank, is coming to Australia in the not-too-distant future. It has strong Australian connections. He says that if he worked at a traditional bank with branches he would be known as the head of retail banking and chief technology officer. Movenbank will run on hand-held devices. Movenbank was started with a blank sheet of paper by Brett King and Bales who are just about to complete a capital raising. Bales says the Australian launch will follow later in 2013. One Apple share costs more than an iPad. Every couple of weeks it's nice to look back and see just how far Apple has come.
Shares of the iPad and iPhone maker eclipsed the $US600 barrier for the first time on Thursday, only about a month after topping the $US500 mark for the first time. Just a day before Apple's new iPad becomes available in global stores the stock ticked up to $US600.01 ($570) at Thursday's Wall Street open before selling off and closing down 1.1 per cent at $US582.89. The new iPad, at a starting retail price of $US499 in the US, or $539 in Australia, is cheap compared with one share of the tech giant.
Advertisement Apple's new iPad went on sale in Australia early today, greeted by a throng of fans hoping to get hold of the tablet computer, which has won good reviews despite stopping short of being called a major innovation. Apple's rally has been stunning - the stock is up 47 per cent for the year and nearly 10 per cent for the month. Apple currently makes up about 18.5 per cent of the Nasdaq 100 stock index. Solvency II rewrites the rules for insurers. Although many crucial details remain unresolved, insurers cannot afford to delay preparing to meet Solvency II requirements.
At the same time, to approach Solvency II solely as a matter of regulatory compliance would be shortsighted. Beyond reinforcing its capital base and strengthening risk governance and communications processes, every insurer subject to the new rules will need to rethink where and how to compete, and undertake deep organizational and cultural change. (To assess your organization’s readiness to meet SII’s mandates, take our interactive diagnostic quiz at www.bain.com/solvency2.) The full dimensions of the implementation and strategic challenges emerge from a major analysis conducted by Bain & Company in partnership with Towers Watson, a global risk-management advisory firm. Using publicly available company and industry data, our evaluation focused on the 20 largest insurance groups in Europe’s four largest markets—Germany, France, Italy and the UK.
Insurers poised to arbitrage Solvency II-compliant rivals in Asia. Under attack, Bain gets defensive. Gonski shrugs off controversy. David Gonski. David Michael Gonski AC (born 7 October 1953) is an Australian public figure and businessman.
He is a leading philanthropist and Patron of the Australian Indigenous Education Foundation. Early life and education[edit] Gonski was born in Cape Town, South Africa and his family migrated to Australia in 1961 in the wake of the Sharpeville massacre.[3] Gonski's father, Alexander, was a Polish neurosurgeon and a founding member of the New South Wales Golf Club at La Perouse. His mother is South African Helene Blume. Bouris fired up for growth. Chapter ends for Encyclopaedia Britannica. After 244 years, Encyclopedia Britannica is shelving its venerable printed edition in favour of its web-based version, completing a digital transition and marking the end of one of longest chapters in publishing history.
“We just decided that it was better for the brand to focus on what really the future is all about,” Jorge Cauz, 50, president of the Chicago-based company since 2004, said on Tuesday. “Our database is very large now, much larger than can fit in the printed edition. Our print set version is an abridged version of what we have online.” In the dark days before the internet, before television, before radio, before the United States was even a country, there was the Encyclopedia Britannica. China’s economy: Fears of a hard landing. Bo Xilai removed by China from Chongqing leader post. 15 March 2012Last updated at 07:26 ET The BBC's Michael Bristow says Bo Xilai may have been too colourful for the regime One of China's most prominent politicians, Bo Xilai, has been removed as Communist Party boss in the city of Chongqing following a scandal.
The 62-year-old was a strong contender for promotion to China's top leadership in party changes due later this year. However, a scandal erupted when his former chief of police spent a day at a United States consulate last month. Bo Xilai fired in Chinese Communist Party leadership shakeup. China to allow freer yuan trade: Wen. John Gapper, Financial Times. America's complex anti-China vote.