Macquarie ‘Millionaires Factory' Put at Risk
Corrected
July 30, 2025 at 7:39 PM EDT
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Good morning, it's Ainsley here in Sydney with all the news you need to start your day.
Today's must-reads:
• Macquarie's bumper pay at risk from investor revolt
• Westpac CEO urges faster building approvals
• Rio Tinto's first-half profit drops
Macquarie's long vaunted money-making machine for top bankers is showing signs of strain after a string of lapses in risk management and senior departures. Macquarie faces potential penalties amounting to hundreds of millions of dollars after drawing the ire of regulators from the US and UK to Australia. Concerns are also mounting among investors as they demand more accountability from management.
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