Daily Dispatches: ANZ's big hire

ANZ Bank has recruited veteran banker Phil Chronican to drive the Australian strategy of the bank in a hiring coup that has been described as a "an adrenalin shot" that will boost momentum for the domestic banking business. (The Australian)

It's a long way from ANZ's state-of-the-art new headquarters in Melbourne's Docklands, but the company blocked half the main street of the rural Chinese town of Liangping yesterday, as confetti showered down and fireworks went off to celebrate the opening of its first rural branch in the country. (The Australian)

Storm Financial's computer software did not allow the failed advisory firm to easily monitor which investors faced margin calls, a court has heard. (Sydney Morning Herald)