Macquarie'd - The advice scandal at Australia's fifth-largest bank
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.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.