Daily Dispatches: Suncorp slashes jobs

Suncorp is looking to shed up to 250 more jobs as it shrinks its banking arm - adding to the almost 700 workers axed in the last financial year. (Courier Mail)

Australia's financial sector may be ranked one of the strongest in the world but local banks are continuing to rein in expenses. (Herald Sun)

With high-profile businessman Sir Rod Eddington expected to rule himself out of contention for the ANZ chairmanship, it could be back to the drawing board for long-serving Charles Goode in the search for a successor. (Business Day )

ANZ chief executive Mike Smith lost faith in US regulators when they allowed Wall Street investment bank Lehman Brothers to fail, and he wondered at the time "if this was the end of the banking system as we know it". (News.com.au)

Bank of New Zealand, which is owned by NAB, has lost a court case in which the tax resulting from international structured finance transactions was disputed. (New Zealand Herald)

Macquarie Infrastructure Group has slashed the value of its portfolio by 28 per cent, citing challenging global economic conditions, but its shares rose as the market had feared worse. (The Age)