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CBA unveils aggressive business banking strategy to take on Macquarie

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Commonwealth Bank is ramping up its fight with Macquarie, unveiling plans to target the $20 billion pool of deposits that real estate agents hold on behalf of renters.

It is a niche largely dominated by Macquarie, but one that CBA wants to expand as part of a more aggressive approach to winning more business deposits and becoming the country’s biggest business bank by both deposits and lending.

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    Original URL: https://www.afr.com/companies/financial-services/cba-unveils-aggressive-business-banking-strategy-to-take-on-macquarie-20240617-p5jmdg