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Macquarie sanctioned by Apra over regulatory breaches

Macquarie Alamy 575x375 1April 21

The Australian Prudential Regulation Authority (Apra) hit Macquarie Bank with a A$500m ($378.4m) capital charge on Thursday, having uncovered serious faults in the firm's risk management practices. The announcement came a day after the bank paused its return to the sterling bond market.

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