Macquarie chief backs loan brokers

Original article by Joyce Moullakis
The Australian – Page: 19 & 23 : 13-Feb-19

Macquarie Group has affirmed that it expects profit growth of around 15 per cent for fiscal 2019, which suggests a full-year profit of at least $3bn. Meanwhile, Macquarie has more than $24bn worth of capital reserves at present, but CEO Shemara Wikramanayake has stressed the need for discipline with regard to risk management in the current environment. She has also expressed support for the mortgage broking industry in the wake of the financial services royal commission.

CORPORATES
MACQUARIE GROUP LIMITED – ASX MQG, AUSTRALIA. ROYAL COMMISSION INTO MISCONDUCT IN THE BANKING, SUPERANNUATION AND FINANCIAL SERVICES INDUSTRY, CADENCE CAPITAL LIMITED – ASX CDT, JP MORGAN AUSTRALIA LIMITED, QUADRANT ENERGY PTY LTD, PROPERTY EXCHANGE AUSTRALIA, AUSTRALIAN LABOR PARTY

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