the collapse of Babcock and Brown is not a conspiracy, it happened down in Australia and everyone said Macquarie Bank collapse would be next. the Asset Management Division is propping up Macquarie Bank.
The idea of Macquarie Bank Chair Glenn Stevens being a conspiracist is laughable. last decent RBA Governor. All the rest have been diabolical and the present DEI appointee fool is a joke.
He is about the only meritorious appointment in MQG. just has too many not meritorious DEI Appointees surrounding him. might lead to many more compliance failures and another Babcock and Brown Mark II situation for MQG.
All banks are up today in Australia, Westpac, CBA and NAB are all up over 1.5% and will probably follow MQG up much higher by EOT. Asset Managers and companies with asset management like PPT are up almost 2% so it could be because of Macquarie or Macquarie might be buoyed by general market sentiment.
All the other banks and asset managers are catching up to MQG and should be at record highs which MQG is quite far away from, as it has to get to $240 to get that which is doubtful due to the ASIC compliance concerns.
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