Dispatches: Yes, there is a link between cricket and financial careers

In cricket batsmen often need a slice of luck to build a decent innings. Might that be true of cricketers' careers in general, and even of other jobs? In an IMF working paper Shekhar Aiyar and Rodney Ramcharan suggest that it is lucky for international cricketers to play their debut Test match at home. A good start may have a persistent, positive impact in other fields, too. That's especially likely if employers take things at face value and fail to discount the impact of other factors that might enable good performance-a boom in financial markets for a trader, let's imagine. (The Economist)

The major Australian banks could face an earnings hit of up to $2 billion a year. This, as a Greens proposal to scrap transaction fees and autoteller charges gathers support from crossbench members of parliament. (The Australian)

ANZ appears to have lost out to another bidder in the race to gain a majority stake in Korea Exchange Bank (KEB). Hana Financial Group will sign a contract tomorrow to buy a controlling stake in Korea Exchange Bank from Lone Star Funds for as much as 4.75tn won ($4.3bn), a deal that would be the biggest acquisition for Hana. (The Age)

A technical glitch has hit National Australia Bank, halting some of its ATM and EFTPOS card readers and prevented customers receiving their pay. (Sydney Morning Herald)