If Macquarie Group shifts a few billion from one division to another, it ain’t a big deal right? The investment bank did just that a few days ago and no one thought much of it. One business commentator has decided to dig beneath the surface of what appears to be a routine move and finds a lead on who might be the bank’s next chief executive. It pays to remember that a billion dollars is still a lot of money.
Also this morning, two writers ponder the position that ASX chief executive Elmer Funke Kupper has in the financial regulatory debate, along with the one he’s crafting for himself.