The financial services giant is taking new steps to manage its exposure as a tide of social media advice instructs Australians how to get around lenders’ risk controls.
Macquarie Bank
ASX:MQG
Macquarie is set to close 243 funds to new investments and all automated plans on 31 March 2026 on its super platform.
Prominent asset manager Magellan also confirmed it is in talks with Macquarie over the move, which would see almost all Australian funds blocked from a key distribution channel.
In a major split from its big four rivals, Macquarie wants the RBA to target credit cards and stop large banks from gouging small business.
The chief executive of the $85 billion investment house says "it will take a long time" before the US' dominance of the financial system fades away.
Heavyweight shareholders failed to compel Macquarie to step up its climate disclosures, but their protest vote suggests the Trump-driven backlash against ESG has not reached Australia.
Macquarie’s AGM served up pastries, protests and pressure, as shareholders grilled the company on soft results, leadership and climate contradictions.
Macquarie fronts investors this week amid leadership speculation, regulatory pressure and shifting markets. But don't expect a changing of the guard just yet.
The major financial services regulators are becoming more vocal and taking more onerous action, citing increasing complacency on cultural and compliance issues.
ASIC's latest action against Macquarie, this time over long-term misreporting of short sales, shows the investment giant is firmly in the regulator's crosshairs.
Exclusive research suggests top corporates — not just SMEs and real estate developers — are seeking private credit funding instead of traditional bank loans.
The millionaire factory's reputation relies heavily on being the smartest bank in the room, but ASIC has just given it a fail grade on compliance.
The millionaire factory is no stranger to changing tack in search of higher returns. This time around, that means shifting a lot of money into private markets.
Macquarie Group has exited its public markets business in Europe and the US to free up capital for expansion in private markets and alternative assets.
ANZ announced today that incoming CEO Nuno Matos will start early. He joins at a critical stage for tech transformation in banking, with Westpac and CBA both accelerating their own projects.
Sources told Capital Brief the new arrangements, which were negotiated under tight non-disclosure agreements, would lead to about a 30% increase in costs for lenders.
Banks have largely driven the boom in private credit by pulling out of higher risk lending. Macquarie, however, is expanding its bet with highly structured lending to its clients.
If HSBC decides to sell its Australian retail business it would offer a high-quality, clean book — just not one to attract a big premium.
