• Contact
  • Feedback
Banking Day
ConfidentiallySpeaking.com.au Logo
High-impact negotiation masterclass | July 9 & 16, 2025 | 5:00pm - 8:30pm
This high-impact negotiation masterclass teaches practical strategies to help you succeed in challenging negotiations.
Register Now
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

Briefs: Macquarie under fire over BrisConnections float, ANZ rules out compensation in Cambodia, Cit

20 August 2014 4:25PM
Macquarie Group gave favoured treatment to select clients by allowing them to pull out of the unsuccessful BrisConnections float in 2008, according to a report in the Australian Financial Review. The AFR cites seven current and former Macquarie staff in support of a claim that the group allowed some clients to withdraw from the float when it looked like tanking. BrisConnections stock fell 59 per cent on debut. Macquarie is now calling on clients who suffered losses in the float to raise their concerns, according to the report.ANZ has ruled out any compensation for Cambodian farmers forcibly evicted from there land by plantation company Phnom Penh Sugar, which the bank was financing, Fairfax Media reports. PPS has been accused of throwing farmers off their land and using child labour. ANZ has attracted criticism for its role in financing the company. According to the report, PPS repaid its ANZ loan last month. An ANZ spokesman said: "It is not appropriate for ANZ to consider any compensation measures."Citigroup is considering the sale of its retail banking business in Japan, according to The Wall Street Journal. With interest rates close to zero and consumer demand for finance weak, the business has been tough. Citigroup would continue to operate in the Japanese corporate banking, investment banking and trading markets.

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day
ConfidentiallySpeaking.com.au Logo
High-impact negotiation masterclass | July 9 & 16, 2025 | 5:00pm - 8:30pm
This high-impact negotiation masterclass teaches practical strategies to help you succeed in challenging negotiations.
Register Now

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use