Macquarie is advancing a strategy to deploy its successful mortgage market playbook to take on the big four and No.1 business lender National Australia Bank in business loans, worsening the margin pain suffered by the major banks.
Macquarie lifted lending to Australian small businesses by 22 per cent over the past year.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com
