MACQUARIE Group yesterday pushed ahead with its latest rounds of job cuts, with more than 100 staff across its Australian investment banking arm shown the door. The cuts, in Melbourne and Sydney, follow Macquarie job cuts throughout its global operations, including London and New York, as its braces itself for a slowdown in earnings while the financial crisis plays havoc with banks. Macquarie, which has avoided the savage writedowns and losses experienced by its Wall Street rivals, insists there are no targets for job cuts. Rather, each of its businesses was determining the best staffing numbers. Yesterday Swiss banking giant Credit Suisse said it would cut 5300 jobs, or 11 per cent of its workforce. Nomura Holdings is firing up to 1000 employees in London as financial markets worsen.