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THE TRUTH ABOUT: Macquarie bank | History Defined

Do you pay rent with a credit card? Soon, you may not have the option

From October 1, businesses will no longer be able to add surcharges to payments made on the EFTPOS, Visa or Mastercard networks, following reforms by the Reserve Bank of Australia.

The Conversation

As home loan applications drop, the big four banks face a growing challenge from Macquarie

Over the past week, all four of Australia’s biggest banks have reported falls of between 12% to 20% in new home loan applications since the May federal budget.

The Conversation

Adelaide festival apologises to Randa Abdel-Fattah and invites her to participate in 2027 writers’ week

Apology comes as former Adelaide festival board member accuses Louise Adler of hypocrisy after she resigned citing free speech concerns

The Guardian - AU

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‘Loophole’ in sanctions allowing Russian oil to be imported to Australia through port part-owned by Macquarie Bank

Australia stopped buying fuel directly from Russia after its invasion of Ukraine but has imported more than 3m tonnes of its oil products since 2023

The Guardian - AU

Rangers secure fresh bank loan amid financial speculation

Rangers have secured a loan from Macquarie Bank against future receivables, raising questions about the club’s financial strategy.

The National (Scotland)

Liberal fundraisers cancelled amid cyclone preparations and report Peter Dutton attended Justin Hemmes event

Exclusive: Fundraiser at Macquarie Bank HQ and Pharmacy Guild lunch called off as Tropical Cyclone Alfred bears down on the opposition leader’s home state

The Guardian - AU

Media, supermarkets and banks: what is the average salary at the big companies and how big is the gender pay gap?

Radio 2GB Sydney has industry’s worst gap at 51.1%, while the size of supermarkets helps to narrow their differential

The Guardian - AU

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FCA fines Macquarie Bank £13m for fictitious trades amid ‘serious failings’

Trader was able to record more than 400 fictitious trades over a period of 20 months, says watchdog

The Guardian - UK

Australia Fines Macquarie Bank .4 Million For Compliance Failure

AUSTRAC fines Macquarie Bank .4 million for anti-money laundering breaches, emphasizing compliance importance.

Top News

Light-touch competition policy hasn’t helped Australian mortgage holders. It’s time to get tough

Acquisitions such as ANZ’s of Suncorp should be presumed to be anticompetitive until proven otherwise

The Guardian - AU

What's to stop Philip Lowe moving to a private bank after he leaves the RBA? It's what his predecessors did

Surely Reserve Bank Governor Philip Lowe won’t move to a private bank after his term as governor ends next week.

The Conversation

‘It’s everything’: Matildas midfielder Clare Wheeler dreaming of World Cup debut

The Everton midfielder has found balance after moving to Europe to turn professional and is now hoping to realise a dream back on home soil

The Guardian - AU

The Millionaires' Factory lays bare the good and bad about Australia's millionaire manufacturer – Macquarie bank

The Millionaires’ Factory, subtitled “the inside story of how Macquarie Bank became a global giant” by financial journalists Joyce Moullakis and Chris Wright is an impressive, informative book that I enjoyed reading.

The Conversation

What the Qantas Money Home Loan has to offer customers

Airline giant Qantas has swooped into the home loan market in a move likely to draw in travel-hungry mortgagers.

The New Daily

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ABC News

What changes are banks making to interest rates?

A flurry of banks have passed on interest rate rises to borrowers after the Reserve Bank increased the cash rate by 0.25 percentage points on Tuesday.

ABC News

The Loop: Daniel Johns avoids jail, cargo ship crew rescued, Boris Johnson faces leadership questions, banks pass on rate rise

Here's your TL;DR for today's news.

The Guardian - AU

Ask the experts: what’s the future of Australia’s EV landscape?

Electric vehicles will become the norm in Australia, but when? Our panel of experts discusses what the future of driving looks like.

People

Shemara Wikramanayake

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