Daily Dispatches: Macquarie hiring hits Wall Street

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Macquarie Group plans to take full advantage of the shakeout in global financial markets by dramatically expanding the size and scope of its North American business, according to chief executive Nicholas Moore. To bolster its US ambitions, Macquarie has been hiring a number of key people on Wall Street. Moore says Macquarie had been able to hire outstanding people with a great record, many of whom had come out of institutions that had failed or nearly failed because of the extraordinary market disruption. (The Australian)

Australia's four biggest banks and investment bank Macquarie Group have emerged as some of the heaviest users of government guaranteed debt among their global rivals, tapping markets for more than $94bn since October last year. (Business Day)

Time to get a UK visa? Job openings in London's financial services industry rose by 18 per cent in August compared with the previous month, the biggest gain in job vacancies this year, according to a survey by recruitment firm Morgan McKinley. (Bloomberg)

Rating agencies are under scrutiny over toxic debt. (Sydney Morning Herald)

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