Macquarie Group

Macquarie Group (MQG)

Stock Code

MQG

Stock Exchange

ax

Macquarie Group (MQG) is a global provider of diversified financial services comprising banking, financial, advisory and investment services in Australia and selected financial services offshore. The Company’s head office is located in Sydney, Australia. Macquarie Group listed on ASX on 5 of November, 2007. Currently Macquarie has over 13,000 staff employed in 25 countries. The Company is organized in to seven divisions.

Macquarie Private Wealth Compliance Found to Be "Deficient" by ASIC


Macquarie Private Wealth, a retail division of Macquarie Group (ASX:MQG), has been found by the Australian financial watchdog ASIC (Australian Securities & Investments Commission) to have compliance deficiencies and have found that a significant number of advisers have breached compliance.

  • Four year covert surveillance by ASIC found that Macquarie Private Wealth (MPW) failed to give proper advice to clients and failed to keep proper client records.

Possible Staff Cuts for Macquarie


Hundreds of jobs could be lost as the Macquarie Group, (ASX:MQG) faces a weak investment market. For the first time since early 2009, Macquarie shares dropped below $30 last week and prompted a Citigroup analyst to recommend workforce cuts.

Macquarie wages have recently fallen below international averages and staff had already been lost to Asian companies with more lucrative offers, according to chief executive Nicholas Moore.

Ken Savio Appointed as US Equities Chief for Macquarie


Macquarie Group (ASX:MQG) appoints Ken Savio as managing director and head of is securities in the US. The newly appointed chief was the former head of global entities at Cantor Fitzgerald.

Macquarie Group Lower Profit Warning


Australian based investment bank, Macquarie Group (ASX:MQG) have announced a lower profit warning as a consequence of subdued global markets affecting the majority of its businesses. MQG said in an announcement to the stockmarket that it expects its second-half profit for the six months to the end of March 2011 to be around 5% lower than in the year-ago period.

US Venture Fund Accel Buys into OzForex


US Venture Fund, Accel Partners have bought an investment into the OzForex business, an online foreign exchange service. OzForex is majority owned by Macquarie Private Wealth, which bought a majority share in 2007 and is a subsidiary of (ASX:MQG). The OzForex Group, which operates as OzForex, UKForex, Canadian Forex and NZForex. Accel would not reveal the size of its investment, but rumours place the transaction as between $70-110 million.

Macquarie Group First Half Profit Falls 16 Percent


Australian based global investment bank, Macquarie Group (ASX:MQG), has seen its first half profit fall by 16 percent, however, the company said it expects a full year result "broadly in line" with the prior year. MQG blamed the weak result on a subdued market and higher operating costs. Net profit in the first half of fiscal 2011 was $403 million, down from $479 million in the prior corresponding first half.

Macquarie Group 25% Profit Decline


Australia's largest investment bank, Macquarie Group (ASX:MQG), has announced a profit warning that the first-half year profits will be down 25%.

Macquarie Group Profit Warning


Australian investment banker, Macquarie Group (ASX:MQG) has delivered its third profit warning in three months. At an investor presentation in London, yesterday, it was revealed that volatile financial market conditions is likely to be 25 percent below market expectations. Macquarie's first half profit for the six months to September 30 would drop to $359 million (from $479 million the previous year).

Macquarie Group Dividends

9 August, 2010 - 23:27

Study the historical dividends for MACQUARIE GROUP LIMITED. Dividends are a portion of company profits paid out to shareholders. You are eligible to receive MQG dividends if you own the company's stock on the ex-dividend date. Investor's must have purchased the stock before the ex dividend date to be entitled to the dividend. The previous owner of the shares will receive the MQG dividend if you buy the stocks on or after the ex dividend date. The Pay Date or the Date Payable is the day when the dividend is paid to shareholders.

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