Business

Macquarie Bank

Life in the fast lane too much for banker

Oswyn De Silva

KATE LAHEY With the legitimate bonus he received in 2008, the ambitious, young Macquarie Bank fund manager, known as Osy, splashed out on a Porsche 911.

ASIC to discuss a resolution for Storm

ASIC has begun talks with victims of the collapsed investment group Storm Financial to determine if a commercial resolution can be reached for compensation.

Ex-Macquarie banker sentenced to jail

Drew Cratchley A former Macquarie banker was running from allegations of wrongdoing by ASIC when he tried to flee Australia earlier this month, a court has found.

'Pressure to perform' hit ex-Macquarie banker

Kate Lahey A former Macquarie banker, sobbing and shaking in the witness box, has told of the huge pressure he felt to perform in his role

Bosses share the risk: $30m scrip sold, $5m bought

Christopher Webb There is only one thing better than one director buying shares in his own company and that's two directors doing a bit of buying.

Ex-Macquarie manager barred from leaving Australia

Chris Zappone A former Macquarie Bank portfolio manager has been stopped from leaving Australia, amid an investigation into his trading history.

Travel ban breach contempt of court

Elisabeth Sexton A former Macquarie Bank fund manager will be sentenced for contempt of court on Monday after admitting he tried to leave the country in breach of a travel ban.

Funds chief admits trying to flee country

Oswyn De Silva

Elisabeth Sexton A FORMER Macquarie Bank fund manager will be sentenced for contempt of court on Monday after admitting he attempted to leave the country last week in breach of a travel ban.

Storm boss blasts bank offer

Stuart Washington The architect of Storm Financial, Emmanuel Cassimatis, has written to his former clients "as a concerned friend".

Macquarie to close trust

Closed.

Eric Johnston Macquarie Group plans to shut down its $10 billion cash management trust and funnel investors into a market-focused deposit account.

The collapse that hit the high and mighty

John Brakey

From private equity bosses, fashion queens and investment bankers to sportsmen and top finance and foreign affairs bureaucrats in Canberra, the collapse of the margin lender Lift Capital has hit the...

Barangaroo in hot demand

Barangaroo

Carolyn Cummins Westpac, PriceWaterhouseCoopers and possibly Citigroup are understood to be the main contenders to take up office space in the proposed $6 billion Barangaroo development.

For Storm victims and CBA, nothing is simple

Elizabeth Knight A tarnished reputation may get a polish, but some mud from the Storm collapse will stick.

CBA to pay Storm victims $200m

Storm Financial and CBA

Stuart Washington The Commonwealth Bank has agreed to make substantial payments - possibly more than $200 million - to compensate victims caught in the Storm Financial collapse.

Best way out may be getting on together

Elizabeth Knight They say that breaking up is hard to do. I wonder whether this Neil Sedaka classic features on Jerry Maycock's iPod.

Storm victims mull $200m offer

Storm Financial Group

Courtney Trenwith Hundreds of Storm Financial victims expected to knock back CommBank compensation.

Too many crooks spoil the company broth

Collins & Spencer If you believe the nation's television schedulers, cooking is the new rock'n'roll - but for corporate Australia, cooking the books doesn't lag far behind.

Web alert - warning on 'crazy' house prices

Economist, Professor Steve Keen, who predicted the market downturn, failed to sell his Surry Hills apartment at auction today.  Saturday 11 October 2008  SHD NEWS Picture by JANIE BARRETT SPECIALX 93761

Chris Zappone One of the most outspoken sceptics of Australian property prices has launched a new effort to raise awareness of “crazy” housing prices and policies.

Ex-Moody's man faces insider suit

Mark Hawthorne A former analyst with Moody's Investors Service yesterday faced a Sydney court charged with 10 counts of insider trading in major Australian companies.

Cunning Colonial shows high fidelity to JB

Christopher Webb JB HI-FI'S true believers have used the recent near 7 per cent decline in the share price as a chance to load up.