Briefs: Macquarie under fire over BrisConnections float, ANZ rules out compensation in Cambodia, Cit
Macquarie Group gave favoured treatment to select clients by allowing them to pull out of the unsuccessful BrisConnections float in 2008, according to a report in the Australian Financial Review. The AFR cites seven current and former Macquarie staff in support of a claim that the group allowed some clients to withdraw from the float when it looked like tanking. BrisConnections stock fell 59 per cent on debut. Macquarie is now calling on clients who suffered losses in the float to raise their concerns, according to the report.ANZ has ruled out any compensation for Cambodian farmers forcibly evicted from there land by plantation company Phnom Penh Sugar, which the bank was financing, Fairfax Media reports. PPS has been accused of throwing farmers off their land and using child labour. ANZ has attracted criticism for its role in financing the company. According to the report, PPS repaid its ANZ loan last month. An ANZ spokesman said: "It is not appropriate for ANZ to consider any compensation measures."Citigroup is considering the sale of its retail banking business in Japan, according to The Wall Street Journal. With interest rates close to zero and consumer demand for finance weak, the business has been tough. Citigroup would continue to operate in the Japanese corporate banking, investment banking and trading markets.