CBA’s business boss describes Macquarie as a ‘formidable’ competitor
James EyersSenior Reporter
The architect of Commonwealth Bank’s business lending strategy will not deviate from a plan to focus on transactional banking in deposit-rich sectors in the face of escalating competition from “formidable” competitors Macquarie and National Australia Bank.
Mike Vacy-Lyle, CBA’s business banking boss, said he would keep investing to ensure customers have “differentiated” experiences banking with CBA.
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