After a dip in fortunes, Macquarie Bank is celebrating its first anniversary of buying part of ING with bumper profits and a rebound in its share price. Virginia Marsh reports from Sydney.

After a difficult period, Macquarie Bank, Australia’s only substantial independent investment bank, has silenced its critics with one of its best years ever.

In the past 12 months, the Sydney-based bank’s share price has rocketed, hitting record levels above A$50 ($38.6).

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