Daily Dispatches: CBA announces improved earnings

Commonwealth Bank of Australia said today that its third quarter cash earnings improved 30 per cent from a year earlier to $1.5bn, boosted by volume growth, cost control and lower charges for bad debts. (The Australian)

Australia's banks face the biggest class action in corporate history for overcharging their millions of customers some $5bn in penalty and late fees over the past six years. (The Age)

The number of employees and managers actively looking and applying for new positions has risen dramatically in the past eight months as workers feel the sacrifices they made during the global financial crisis have gone unrecognised by their employers. (News.com.au)