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Daily Dispatches: Macquarie denies misleading exec

Macquarie has hit back at allegations that it misled a former senior executive who was set to launch a new arm of the bank’s online trading business. (Sydney Morning Herald)

Sydney investor David Waterhouse has testified that he was passed inside information about the “awful” financial state of Merrill Lynch’s US accounts by senior executive Dan Ritchie and warned not to “be long” in the market. (The Age)

Banks will be forced to take account of sharemarket levels and the health of the economy when making provisions for bad loans under new rules being drawn up by the banking regulator. (The Australian)

The wealth management sector is crying out for more consolidation. (The Australian)

Hundreds of thousands of CBA customers still can’t access their accounts online as a suspicious spike in web traffic, possibly from hackers, continues to interrupt the service on the last day of the financial year. (Sydney Morning Herald)

The Responsible Investment Academy has begun to formalise its training program as it hires an ESG research manager. (Investor Daily)

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