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Macquarie to Pay Fine on Marketing Failure as New CEO Arrives

Bloomberg Markets Tuesday 10 November 2026, 23:02 UTC By Richard Henderson 1 min read
Key Points

Macquarie to Pay Fine on Marketing Failure as New CEO Arrives Macquarie Group Ltd. agreed to pay a small fine after admiting to failures in the way it promoted a savings account offer in its Australian retail bank, the division led at the time by now chief executive Greg Ward. The A$14 million ($9.6 million) penalty is in addition to the A$8.8 million that Macquarie has already paid to the nearly 40,000 customers that were impacted, according to a statement from the Australian Securities and...

Macquarie to Pay Fine on Marketing Failure as New CEO Arrives Macquarie Group Ltd. agreed to pay a small fine after admiting to failures in the way it promoted a savings account offer in its Australian retail bank, the division led at the time by now chief executive Greg Ward. The A$14 million ($9.6 million) penalty is in addition to the A$8.8 million that Macquarie has already paid to the nearly 40,000 customers that were impacted, according to a statement from the Australian Securities and Investments Commission on Wednesday.
Macquarie (ORG) Macquarie Group Ltd. (ORG) Australian (ORG) Greg Ward (PERSON) the Australian Securities and Investments Commission (ORG)
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