Macquarie Group shareholders had plenty to cheer during the era of ultra-low interest rates,but conditions and likely profits are getting softer.
The Millionaires’ Factory is not the only organisation that regularly under-promises and over-delivers,but for consistency it has no peer.
Former RBA governor Glenn Stevens says central bankers globally faced a tough job in containing inflation without sparking a major economic slump.
Data analytics company Nuix is never far from the headlines with scandal after scandal since listing in December 2020. An affidavit alleges some shocking practices inside the group,which is majority owned by Macquarie.
Macquarie says a $10 million payment for worthless Nuix options was a golden handshake for its founder and former CEO Eddie Sheehy who is suing the tech group over losses relating to his remaining share options.
“We were being disrupted by others,so why not disrupt ourselves?” former Disney global chief executive Bob Iger told a Macquarie conference on Tuesday.
Investment giant Macquarie Group says it wants to disrupt a key part of the retail banking market by raising interest rates sharply on transaction accounts.
Macquarie chief executive Shemara Wikramanayake says the current profitability of the coal sector will not last and has called for greater investment in reskilling affected communities.
Savings account interest rates are falling well short of resurgent inflation. There are better rates available,so it pays to shop around for the best deals.
The corporate watchdog is taking legal action against Macquarie Bank for failing to properly monitor and control transactions by financial advisers in their clients’ accounts.
Vicki Brady joins Macquarie Group’s Shemara Wikramanayake and Woodside boss Meg O’Neill sharing the rarefied air of women that govern Australia’s top 20 businesses.