AustraliaFinancial

Macquarie Group (ASX:MQG) has reportedly abandoned its bid for a stake in Kuwait's oil pipeline network.

Australia's banking giants have wasted little time in reacting to the Reserve Bank's latest tightening of monetary policy.

Sequoia Financial Group (ASX:SEQ) has intensified the strategic review of its retail licensee operations.

Challenger (ASX:CGF) has lowered its takeover offer for Pepper Money (ASX:PPM).

The New South Wales Supreme Court has ordered Macquarie Securities (Australia) to pay a $35 million pecuniary penalty.

Perpetual (ASX:PPT) entered into a binding agreement to sell its Wealth Management business to Bain Capital Private Equity.

The Australian Banking Association has launched a stinging broadside against global tech behemoths alleging a "regulatory imbalance" that allows companies to profit from the domestic economy.

ANZ Group ASX:ANZ) appointed Tammy Medard as its new group executive for business and private banking.

Commonwealth Bank of Australia (ASX:CBA) has referred two mortgage brokers and a network of accountants to the NSW Police.

Magellan Financial Group (ASX:MFG) Chairman Andrew Formica has called on shareholders to back a proposed merger with Barrenjoey Capital Partners.

Sydney-based MA Financial Group (ASX:MAF) announced a transaction involving the sale of the MA Aged Care Fund to Anglicare Sydney.

Commonwealth Bank of Australia (ASX:CBA) has alerted police and federal regulators to a massive suspected fraud involving approximately $1 billion in home loans.