St George Bank’s services back up and running after outage; Twitter co-founder Jack Dorsey to stay as chief executive: Midday Roundup

St George Bank’s services back up and running after outage; Twitter co-founder Jack Dorsey to stay as chief executive: Midday Roundup

St George Bank customers are now able to access their online and mobile banking services after a system failure shut down access on Sunday.

The outage meant thousands of the bank’s customers were unable to transfer funds for more than 24 hours.

In a statement on its Facebook page, St George Bank apologised and said all of its services should be back up and running.

“We’ll reimburse any fees or interest you incur from payments that weren’t on time as a result of this outage,” the bank said.

“We are sorry for the inconvenience this outage caused for some of our customers, and thank you again for your patience.”

Banking outages have hit customers of National Australia Bank and Commonwealth Bank over the past few months.


Twitter co-founder Jack Dorsey to stay as chief executive


Jack Dorsey, the co-founder of Twitter and online payments platform Square, is now Twitter’s permanent chief executive after stepping into the role temporarily after the sudden departure of Dick Costolo.

Costolo stepped down as Twitter’s chief executive in July following the announcement of the company’s poor financial results.

The board made its decision to appoint Dorsey as permanent chief executive late last month, according to documents filed with the US Securities and Exchange Commission.

“My focus is to build teams that move fast, and learn faster,” Dorsey wrote on Twitter after the news of his appointment was made official.

“Twitter is the most powerful communications tool of our time. It shows everything the world is saying… 10-15 minutes before anything else.”

Dorsey also plans to juggle being Twitter chief executive with his current role as chief executive of Square, according to Business Insider.


Shares up on open


Aussie shares have climbed higher this morning off the back of a positive showing from Wall Street.

Michael McCarthy, chief market strategist at CMC Markets, said Australian investors are set for further gains today after strong results on Monday.

“Speculation that Russia may join other producers for trade talks is supporting oil prices, and energy’s status as least favoured may be turning,” McCarthy said.

“The Reserve Bank of Australia’s board is almost universally expected to leave interest rates on hold at their meeting today. However, participants will eagerly scour the statement for clues on international outlook, given these conditions derailed the Fed’s intended moves.”

The S&P/ASX 200 benchmark was up 51.5 points, rising 0.99% to 5202 points at 11:21am AEST. On Monday, the Dow Jones closed 304.06 points higher, up 1.85% to 16,776.43 points


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