As far as I am concerned Macquarie have no cred.
Remember - "Macquarie bank faces class action over advice on worthless Brazilian mine project" The investment bank's brokers were accused of deliberately "ramping" stock in Cleveland Mining Group by playing a key role in the acquisition of a Brazilian iron-ore mine project with a potential value of $34 billion that turned out to be a worthless patch of jungle.
And now the NUIX debacle - AFR "Why Nuix shareholders need answers to its unravelling" "If investors were expecting Macquarie Group to accept some accountability or fault for the disastrous float of Nuix which it backed and made a fortune out of, they would have been bitterly disappointed."
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