Macquarie

Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services.

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The Wall Street Journal reports that Bank of America is said to have offered to repay the US government part of its bailout support, perhaps as much as $20bn of the $45bn it has taken over the last year or so. Repayment of $20bn would mean that the bank would no longer by regarded as an 'exceptional' aid recipient, and it would therefore not have any of its compensation overseen by the US 'pay czar'.

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Macquarie loses bid to throw out lawsuit

Macquarie Group will have to face the fraud and defamation claims of an executive who says the bank ousted him from running Advantage Rent A Car after they teamed up to buy the business from Hertz Global Holdings.