Daily Dispatches: Mac bankers get ready to receive their shares

Senior executives at Macquarie Group will be sitting on a windfall of more than $100m as they soon begin receiving the first shares under the investment bank's recent shake-up of bonus payments. The overhaul for the bank - dubbed the ''Millionaires Factory'' for the generous payments to its bankers - will see a switch away from cash bonuses to longer-term share-based incentives aimed at diffusing shareholder anger towards excessive pay packets. (Business Day)

Directors of failed stockbroker Opes Prime could face up to five years in jail if convicted over charges alleging they were "intentionally dishonest" in the days before the company's $1bn collapse. (Courier Mail)

US banks could eventually face higher fees for risky compensation plans under a proposal approved by regulators overnight, as policy-makers continue to wrestle with public outrage over the pay culture of the financial services industry. (The Australian)