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The Latest Breaking News from Shemara Wikramanayake

As home loan applications drop, the big four banks face a growing challenge from Macquarie

Over the past week, all four of Australia’s biggest banks have reported falls of between 12% to 20% in new home loan applications since the May federal budget.

The Conversation

Always remember how Macquarie built its millionaires on outrageous tolls and charges

As Shemara Wikramanayake retires with shares worth hundreds of millions, the public is left counting the cost of high prices for utilities, roads and airports

The Guardian - AU

Shares trim gains as bets narrow on interest rate hike

A sustained bounce in miners has pushed the ASX to a third session of gains but tightness in the labour market is putting pressure on the Reserve Bank.

AAP

From analysis to the latest developments in health,
read the most diverse news in one place.

Australian investment bank Macquarie names Greg Ward as next CEO

Macquarie Group has appointed Greg Ward as its new chief executive officer. He will replace Shemara Wikramanayake, who is retiring from the position. Ward, a long-serving executive, will take over the role on November 6. Investors view this appointment as a sign of confidence in the bank's strategy. The bank's…

The Economic Times

'Millionaires' factory' boss to leave with vast fortune

Macquarie Group shareholders have backed the pay of its chief executive, who will retire in November with company shares worth hundreds of millions of dollars.

AAP

Investment bank Macquarie posts second-highest profit

Macquarie Group has beaten expectations with a $4.8 billion annual profit, half of which the investment bank will return to shareholders.

AAP

You’re Probably Drastically Underestimating How Much Your CEO Earns

Yes, the wage gap between you and your CEO is much, much bigger than you think.

Pedestrian.tv

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Macquarie’s famed pay packages under attack from disgruntled shareholders at AGM

Investors used the group’s annual general meeting in Sydney on Thursday to vote against remuneration plans

The Guardian - AU

Should your employee earn more than you? The answer is yes

Leadership titles don’t always warrant higher compensation than your team members.

Fortune

Macquarie reports subdued earnings, shares slide

Macquarie is taking a cautious stance and conservative approach to capital in 2024/25, as it looks forward to the opening of its new global HQ in Sydney.

AAP

Australian CEOs made less in 2023-24 but still earned on average 50 times a typical worker’s wage

Audit finds chief executives of 100 largest listed businesses are more likely to be sacked than lose their bonuses

The Guardian - AU

30 Most Powerful Women In Business: The Titans Of Industry

Here are the women, who are forging paths and breaking barriers across industries, showcasing exceptional leadership and innovation.

International Business Times

Banking firm that owns Southern Water posts record profits

Macquarie’s net profit is up 10% with its top commodity trader landing A$58m through profit-share deal

The Guardian - UK

Harbour cranes lift Port of Newcastle into a new era

The Port of Newcastle has commissioned two new mobile harbour cranes as part of its diversification and sustainability strategy.

Newcastle Herald

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Shemara Wikramanayake

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