Dispatches: Credit Suisse raids its rival

Credit Suisse has conducted a hiring raid on its Swiss rival UBS, with two key appointments at its investment bank in Sydney. The bank has appointed Lucas Kiely as head of equity derivatives for Australia. He will be joined at Credit Suisse by UBS colleague Chelsea Wise, who will become the head of structured product sales for Australia. (The Australian)

Concerns are being raised about the insufficient oversight of financial planning education standards. The managing director of the specialist financial sector educational organisation Pinnacle, John Prowse, said it had been his view for a long time that the education system was not policed properly. (Money Management)

The turmoil in Europe is helping keep a lid on Aussie interest rates as the Reserve Bank warns Australia is not quarantined from the financial fallout. (Courier Mail)

ANZ will pay a dividend rate of 5.6058 per cent for ANZ convertible preference shares for the three months to September 15 2010, the company said in a statement. (Business Spectator)