Investment banking
Macquarie chair Glenn Stevens warns on inflation as profits take a hit
The former RBA governor said he hoped he was wrong about inflation, as Macquarie profits in the June quarter came in “substantially lower” than last year.
- by Millie Muroi
Latest
Opinion
Ethical investing
Bait and switch: How ESG investors get duped
Investment managers have become increasingly adroit at marketing the environmental, social and corporate governance hygiene of their investments.
- by Elizabeth Knight
Dealmakers adrift as $1.5 trillion vanishes in first-half slump
The world’s dealmakers are counting their losses in one of the worst years for takeovers and stock market listings in a decade.
- by Bloomberg News
‘Way too late’: ASIC hands investment cowboy life-time ban
The Sydney-based director’s ban comes after years of being on ASIC’s radar and an investigation by this masthead uncovering his involvement in April.
- by Millie Muroi
Perfect storm: How a blizzard bonanza came back to bite Macquarie
A massive storm in the US in early 2021 was a financial boon for Macquarie Group’s energy trading division, but now it is facing legal action accusing it of manipulating the market.
- by Sarah Danckert
Updated
Earnings season
Bumper Macquarie result sparks $57.6m payday for executive Nick O’Kane
The hefty pay packet comes after the division led by O’Kane drove the wider group’s full-year earnings 10 per cent higher to $5.2 billion.
- by Clancy Yeates
Morgan Stanley chief says banks need tougher oversight
Australian James Gorman, global boss of Morgan Stanley, has backed rigorous oversight to limit banking crises and bankers’ poor decisions.
- by Clancy Yeates
Analysis
For subscribers
Banking badly: What went wrong at Credit Suisse
The collapse of Credit Suisse and the problems with America’s smaller banks may seem part of a broader malaise. But they’re also the victims of their own poor decisions.
- by Sarah Danckert
Buffett reaches out to help in US banks crisis
A handful of regional lenders are at the heart of a crisis that’s shaken the US and engaged the likes of billionaire investor Warren Buffett.
- by Sally Bakewell
‘Crisis of confidence’ in global banking system weighs on markets
UBS is acquiring a troubled Credit Suisse, while three mid-size US banks have failed or been bailed out. Now investors are worried about the leverage of non-bank lenders.
- by Clancy Yeates
If UBS acquires Credit Suisse 10,000 jobs may go
UBS is seeking $US6 billion costs to be covered by the Swiss government, if it buys rival Credit Suisse.
- by Stefania Spezzati, Oliver Hirt and John O'Donnell