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AAP
AAP
Business
Jacob Shteyman

'Hubris': financial giant in hot water over breaches

Macquarie ASIC Joe Longo Macquarie Group
The corporate watchdog is taking Macquarie to court in the latest of alleged compliance failures. (Luis Ascui/AAP PHOTOS)

Success has come at a cost for one of Australia's financial heavyweights, which is firmly in the sights of the corporate watchdog over "hubris and complacency".

The Australian Securities and Investments Commission is taking investment banking behemoth Macquarie to court in the latest of a string of alleged compliance failures.

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