Premature celebrations haunt marketsWhen, not if, markets stall, investors consumed by the current rally may well walk away bruised and battered.
Macquarie Bank
Investors waking up on capital raisings
Australian investors are finally aware of the hundreds of thousands of dollars to be made as companies tap the market for cash, says Stephen Mayne.
Big banks grow fatter at taxpayer expense
The Federal Government’s guarantee for Australian bank deposits and borrowings has done its work. It’s time to scrap it.
Macquarie’s 1.7% tax rate rort
Did Macquarie Bank actually make a profit in the year to March?
Macquarie: swimming in Rudd’s largesse
Without the Rudd Government’s deposit guarantee, Macquarie Bank would have had a tough time surviving.
Nicholas Moore’s pay plummets
Macquarie Bank released its yearly results this morning, announcing a sharp decrease in revenue and profit.
Bolton’s greenmail could turn brown
Yesterday’s farcical shenanigans at the BrisConnections unit-holders meeting could be the beginning of the end for renegade shareholder Nick Bolton.
Brisconnections and Macbank is no David and Goliath
The plot of the BrisConnections fiasco resembles that of a poorly written stage-play. A prose full of twists and turns, with no heroes, but plenty of villains.
A victory for journalism, but with a pinch of salt
Macquarie Bank’s protracted defamation case against the The Australian over a 2005 article about the bank’s involvement with the Beaconsfield Mine has been dismissed with costs, writes Chris Paver.
Suncorp battens down the hatches
The future independence of Brisbane-based Suncorp Metway is in doubt after it revealed a sharp drop in profit, writes Glenn Dyer.
Media players muddy the waters in ASIC rumourtrage crackdown
ASIC’s rumourtage crackdown is all about getting factual market information through to the public, writes Stephen Mayne.
Shorting ban causes bedlam as Macquarie recovers again
The remarkable decision by ASIC yesterday to ban all short-selling for 30 days caused a delay in the opening of trade this morning as investors scrambled to work out what it all meant, writes Stephen Mayne.
What’s next ASIC? Ban trading altogether?
We now have the second most restricted market in the world, writes Michael Pascoe.
Macquarie should break its silence
With its stock price plunging, Macquarie needs to remind the market that it’s not at all like Bear, Lehman or Merrill, writes Tony Boyd.
Credit crunch puts Big Banks back in control
Australia’s five major banks are all but back in control of the home loan market after 15 years of being pounded by non-bank lenders, writes Glenn Dyer.
Victims everywhere as panic selling sets in
There’s blood on the streets today as the Australian stockmarket extended its run to 12 straight losses and posted its biggest percentage drop for the year. The victims are everywhere, writes Stephen Mayne.
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Holmes à Court: Rabbitohs’ US venture worth a go … London has two mayors … perils of changing lenders … cricket debate rolls on … CASA disclosure … Sydney Festival … nuclear power …
What should be in Kevin Rudd’s ministerial code?
With Kevin Rudd again delaying the release of his ministerial code of conduct, perhaps it’s time to spell out a few key areas that should be addressed. The first principle is that “sunshine is the best disinfectant” – the onus should always be on maximising timely disclosure.
A bad time to win government? The economists’ view
With inflation hitting the top of the RBA’s target band and continued fragility in US markets, Crikey asked a panel of leading economists if now is a bad time to win government.
Subtitle: MacBank takes over SBS by stages
SBS chief Shaun Brown congratulated his award-winning subtitling unit this week, despite plans to outsource the work to a subsidiary of MacBank.
Crikey Cabbie Panel: Which party benefits from the rate rise?
Raising rates during an election campaign is a first for the Reserve Bank and further breaks promises from the Coalition that they will keep interest rates low. But with inflation rising and continued uncertainty in the US subprime market, will voters take a risk on the relative inexperience of the ALP?
Credit crunch hits Perpetual as Gunns pressure grows
At yesterday’s AGM, Perpetual Trustees revealed it hasn’t escaped the credit crunch unscathed, even as protestors turned up the heat over the group’s Gunns shareholding. Glenn Dyer and Stephen Mayne report.
MacMedia point man moved along following Southern Cross deal
They play it rough at Macquarie Bank, writes Glenn Dyer.
Second casino shows how business is done in NSW
Today’s Sydney Daily Telegraph story that a second casino licence will be issued in NSW “within days” is highly unlikely. It has been planted in the media as part of the intense bargaining that has been conducted for almost three months between the Iemma Government and Victoria’s Tabcorp, owner of Sydney’s Star City Casino, writes Alex Mitchell.
