Daily Dispatches: Mac appoints new European M&A boss

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The corporate advisory arm of Macquarie Group has appointed Sam Small to head up its European mergers and acquisitions unit. It is the latest move by Australia's biggest investment bank to boost its business in Europe and the United States. (The Australian)

Merger talks between two of the nation's biggest credit unions have broken down, setting back efforts to create a $6bn competitor for the nation's biggest commercial banks. Long-running negotiations between MECU, with its headquarters in Melbourne, and NSW-based Teachers Credit Union are believed to have stalled at the final hurdle. (Business Day)

Australian banks with operations in the Pacific and Asia say all of their branch networks are again operating normally after last week's natural disasters. With operations throughout Samoa, American Samoa and Indonesia, ANZ Bank and its staff have been the most affected by the tragedies. (Herald Sun)

Australian investment managers have been among the hardest hit by the global financial crisis, according to new data released by Watson Wyatt. (Money Management)