Markets

Macquarie Bank is heading for another record profit

Macquarie’s first half net profit of $1.31 billion, up 5%. Net operating income of $5.83 billion, up 8%. Interim dividend of $2.15, 45% franked, up 5%. Shemara Wikramanayake, the CEO Designate of Macquarie Group, expects the bank to post a full year result 10% higher than last year’s record result. […]
Macquarie Bank is heading for another record profit
Markets

Glenn Stevens is joining Macquarie Bank

Former RBA governor Glenn Stevens is joining the board of directors at Macquarie Bank. He starts as an independent director at Macquarie Group Limited, effective Wednesday next week. Macquarie CEO Nicholas Moore says Stevens worked at the highest levels of the Reserve Bank of Australia for 20 years, most recently […]
Glenn Stevens is joining Macquarie Bank
Markets

Macquarie smashes half-year profit, announces $1 billion buyback

Macquarie posted a 19% rise in net profit to $1.25 billion for the first half, with the banking group’s coffers swollen by performance fees and increasing revenue from outside Australia. The board of directors approved an on-market buyback of up to $1 billion. The interim dividend is $2.05, 45% franked, […]
Macquarie smashes half-year profit, announces $1 billion buyback