Macquarie Group's alleged favoured treatment of advisers and their wealthy customers in the 2008 BrisConnections float is being questioned, while the company, for its part, has declined to detail how it would address potential complaints, The Australian Financial Review has reported. The concerns raised centre on views that Macquarie, which was managing and underwriting the listing, allowed some of its wealthy customers to pull out of the BrisConnections initial public offering in 2008 when it looked as if the stock would plummet on debut, according to "sources". More than $20 million of BrisConnections shares were said to be handed back by clients to their Macquarie stockbrokers before the shares began to trade. Other clients were forced to wear losses. Experienced bank executive and company director, Ilana Atlas, is to join the ANZ Board on 24 September and will stand for election as a director at the group's AGM in December. She is currently a director of Coca-Cola Amatil, Westfield Corporation and the Treasury Corporation of New South Wales. Atlas has previously held senior roles at Westpac, most recently as its group executive, people, with responsibility for human resources, corporate affairs and sustainability. She is also chairman of Bell Shakespeare Company and has been a partner in law firm Mallesons Stephen Jaques (now known as King & Wood Mallesons). A campaign by credit unions and other mutuals for banks to make "clearer and more effective disclosure" over their sub-brands has one more prop, thanks to research by the Ehrenberg-Bass Marketing Institute. Seventy per cent of respondents "thought bank advertisements were 'confusing' and 65 per cent believed they were 'misleading'," People's Choice Credit Union said. "Only a third of the people thought they were 'honest' with just 26 per cent saying they were 'clear'," it said. NAB is trying to fend off a campaign for loan relief from an elderly client with asbestos, whose wife has needed major surgery and whose youngest daughter was diagnosed with lymphoma four years ago. Spencer Murray, from Rockhampton, is the noisy client with support from change.org and other social media, who has also alleged his loan forms were altered. Immune to its customers' grandstanding, a NAB spokesperson said the bank was "unable to comment on this matter for privacy reasons." Moody's Investors Service has affirmed its A2 insurance financial strength rating for QBE Lenders' Mortgage Insurance, while changing its rating outlook to negative from stable. The rating action follows the announcement on 19 August by QBE LMI's parent, QBE Insurance Group, that it will sell a partial stake in its Australian mortgage insurance operations in an initial public offering expected to take place in 2015. "The change in outlook to negative reflects the potential that QBE's support for QME LMI may diminish after the IPO, as a result of the parent company's reduced shareholding," said Ilya Serov, a Moody's senior credit officer.