Macquarie Rails Against Bank Levy

Macquarie Group says it expects to make another annual profit of around $2.2 billion despite the impact of the federal government’s new bank levy, and it made sure shareholders at yesterday’s annual meeting heard a lot more about the iniquities of the levy and less about the group’s performance.

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Macquarie Agrees To Buy Cargill Power & Gas

Macquarie Group has moved deeper into commodities with its second deal with US group, Cargill in as many months – this time to by the American commodities giant’s North American power and gas trading business. The deal comes just under three months after Macquarie bought Cargill’s oil trading business for an undisclosed amount.

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