nicholas moore

Macquarie Group is forced to make big asset write-downs and raises $396 million from a sale of new shares.

Bonuses paid to more than 300 executives at Australia's "millionaires' factory" will include less cash and more shares as part of a new remuneration policy.

The long-serving head of the Australian firm, Allan Moss, steps down to be replaced by Nicholas Moore. Macquarie's share price tanks in bearish market.