Macquarie names Greg Ward as next CEO amid retail push
Macquarie Group Ltd. named Greg Ward its next chief executive officer, succeeding retiring Shemara Wikramanayake as the firm accelerates its retail banking expansion.
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Hormuz Blockade Could Push Oil to $200, Warns Analysts
Oil prices could surge to $200 per barrel if the Strait of Hormuz remains near-closed for another 6-8 weeks, according to FGE NexantECA’s Fereidun Fesharaki, who says losses in flows could be astronomical. Macquarie has warned of a $200 oil scenario as the Middle East conflict persists, while IEA stock releases could provide some relief. A prolonged Hormuz disruption could trigger a global recession and force lasting energy-market adjustments.
"Longtime Star Macquarie Banker Quits After 28 Years, Outearning CEO"
A star banker at Macquarie, who reportedly earned more than the CEO, has resigned after 28 years with the company. His departure comes as a surprise and raises questions about the reasons behind his decision to leave the prominent financial institution.
"Macquarie Downgrades Paytm Amid Customer Exodus Concerns"
Macquarie has slashed its 12-month price target on Paytm by 57.7% due to concerns over a potential exodus of customers following heightened regulatory scrutiny from the Reserve Bank of India. The central bank's recent clampdown on Paytm Payments Bank has raised existential questions about the future of the leading financial services firm, with Macquarie predicting a sharp reduction in revenues and potential challenges in retaining lending partners. The analyst team also highlighted the arduous task of migrating payment bank customers to other bank accounts within the RBI's deadline.
"Macquarie Sets New Record with €8bn Europe Infrastructure Fund"
Macquarie has successfully raised a record €8 billion for its Europe infrastructure fund, marking a significant achievement in the fundraising landscape. The substantial amount raised reflects strong investor interest in infrastructure opportunities across Europe.