Business
Macquarie earnings fall 32pc as impairments triple – The Australian Financial Review
The economic fallout from the coronavirus pandemic and the expected recovery remains too uncertain for Macquarie Group to provide earnings guidance, as the company…
Recent months have been overshadowed by the profound human impact of the COVID-19 global health crisis and its economic consequences,” said Macquarie chief executive Shemara Wikramanayake.
“Those impacts are reflected in our result, notably in credit and other impairment charges in relation to the ongoing impact of COVID-19 on our clients and customers and in delays to realising assets from our balance sheet and our funds,” she said.
Over the first half of Macquarie’s financial year, revenue also…
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