Macquarie Group shares tumbled for the 10th straight day on Monday, forcing Australia’s largest investment bank to issue a second market statement in two trading days saying it had no plans to go to the market for capital. As its share price fell a further 7% to A$15.75, the lowest since late 1998, Macquarie said it was taking steps to reduce the massive discount to net assets of its network of satellite funds. It also said it expected to receive “a return of capital from the listed funds over the next six months”.
