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Daily Dispatches: end of the Macquarie model?

If there was any doubt that the debt-plagued listed external manager model was finished, Macquarie Group’s decision to sell its management rights back to Macquarie Airports, albeit screwing shareholders for one last time, showed it was. (The Australian)

ANZ Bank’s chief economist Saul Eslake will step down after 14 years on the job. (Business Day)

Storm Financial founders Emmanuel and Julie Cassimatis face a public grilling from the liquidators of the collapsed financial advisory firm. (News.com.au)

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