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Home > Background Briefing - ABC RN > Macquarie'd - The advice scandal at Australia's fifth-largest bank
Podcast: Background Briefing - ABC RN
Episode:

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

Category: News & Politics
Duration: 00:42:30
Publish Date: 2018-06-02 17:05:00
Description: 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.
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