Macquarie'd - The advice scandal at Australia's fifth-largest bank


Manage episode 207221438 series 5442
By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.
Former Macquarie Bank clients are accusing the institution of pushing them into higher risk trading categories with fewer protections. Thousands of customers, including those with self-managed superannuation funds, were categorized as “sophisticated investors” , allowing the bank to trade their money without having to explain the risks or consequences in writing. In this co-production with the 730 program reporter Mario Christodoulou speaks to a couple who literally bet the farm on Macquarie. And lost.

221 episodes available. A new episode about every 7 days averaging 40 mins duration .