It's going to be another week where some important economic figures in the US and elsewhere will drive sentiment around the world. But in Australia tomorrow is shaping as a big day for confidence in the banking sector and in Macquarie Group. That's when its interim financial results will be released for it and Macquarie Bank. A substantial drop in earnings is expected. The shares have more than halved in the past year on worries that Macquarie and its business model will be hurt badly. But unlike some of its imitators, such as Babcock and Brown , Macquarie is still standing and not a basket case. It closed at $22.73 on Friday, its latest 52 week low. Its high in the same period was $82.85. The fall was due to analysts forecasting a steep drop in earnings for the bank. It was also sold off on the renewed concerns about bad...
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