Daily Dispatches: Mac buys into Canada

Macquarie Group is expanding deeper into North American markets, with the acquisition of a Canadian independent investment adviser to extend the bank's global wealth management assets. (The Australian)

Bendigo & Adelaide Bank has today revealed it could only approve lucrative incentive deals for its top two executives through the use of undirected proxies and shares voted by current and former directors. (Business Day)

Storm Financial head Emmanuel Cassimatis had a "perpetual gambling mentality" and believed the Commonwealth Bank hatched a "conspiracy" to bring down his advisory firm, a Federal Court in Brisbane was told yesterday. (News.com.au)

Australian superannuation funds were among the worst performers in the world during 2008 because of their dependence on shares rather than other alternatives, such as bonds.

(The Age)