The Herald Sun has reported that the bank has now completed its internal review of the affair and that Dave will not lose his job.

Macquarie has issued a statement, which confirmed: 'He will remain an employee of Macquarie. Macquarie and the employee apologise for the offense that he may have caused'.

Here Is The City started up a global campaign earlier this week to try and keep Dave in his job, and the response was overwhelming. Our campaign was picked up by the BBC, The Daily Mail, The Times, Reuters, CNN, Forbes, The New York Daily News, The New York Times, CNBC, The Australian, The Straits Times, The Herald Sun and a raft of other local and national newspapers and websites. We were interviewed live on Brisbane's Nova Radio Breakfast Show Friday, and model Miranda Kerr herself even indicated that she would have been happy to join the Save Dave campaign.

We asked readers to signal their support for Dave by sending a 'Don't Fire David Kiely' e-mail to a Macquarie corporate press relations e-mail address. The response was staggering. A big thank you to all those who took part.

One Australian banker told us: 'Here Is The City's campaign to Save Dave caught the imagination of bankers around the world, after what has been a difficult time for our industry. Macquarie will no doubt have been overwhelmed by the force of public opinion. I'm sure Dave would extend his thanks for the Save Dave initiative if he could, but he is understandably wanting to keep a low profile now!'.

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