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Daily Dispatches: Moss is back in business

Bill Moss – the man who founded Macquarie’s real estate and banking empire – is back in the investment banking game. Two and a half years after leaving Macquarie, Moss yesterday announced he had joined forces with former Lehman Brothers Australia boss Glenn Willis to create a new advisory and quasi-investment banking firm, Moss Capital
(The Australian)

The market’s breakneck shift from fear to greed has whetted the appetite of investors and investment bankers eager to take advantage of bullish sentiment, with department store Myer’s decision to fast-track a float by Christmas likely to kick off an avalanche of new offerings. (Business Day)

ANZ has promised to push ahead with further acquisitions as part of its efforts to build a pan-Asian bank, even as it beds down its $685m move on some of RBS’s Asian banking assets. (WA Today)

AXA Asia Pacific Holdings almost tripled its first-half profit and the wealth manager and life insurer says its long-term growth prospects remain strong, mainly because of its investment earnings in Asia. (Business Day)

Bendigo and Adelaide Bank has downgraded its cash profit forecast for Monday’s annual result after increasing provisions for problem loans. (News.com.au)

Trevor Rowe is to retire a year early as a director of the Australian Securities Exchange. This is the second high-profile board seat the controversial business leader has given up in recent days. (Courier Mail)

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