Macquarie to Pay Fine on Marketing Failure as New CEO Arrives

Macquarie Group Ltd. agreed to pay a fine after admitting to failures in how it promoted a savings account offer in its Australian retail bank division, which was led by Greg Ward when the marketing failures occurred. Ward is now chief executive of Macquarie Group. The specific amount of the fine and details of the promotional failures were not disclosed in the available information.

• Bloomberg — Macquarie to Pay Fine on Marketing Failure as New CEO Arrives

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