This Month
Bingo lenders shop debt after S&P downgrade
Sharp-nosed credit funds in Sydney have fielded approaches from New York’s Cantor Fitzgerald, which is said to be shopping a $100 million-plus parcel of Bingo debt.
Packer leads push to sell Australian super to the US
James Packer will play a leading role in a push by the $2.8 trillion superannuation sector to sell the success of the Australian pension savings system to the US.
American real estate giant CoStar eyes Domain takeover bid
Macquarie Capital was late on Thursday buying up shares in the Nine Entertainment-controlled real estate platform on behalf of the Nasdaq-listed group.
Jun Bei Liu’s new fund carries more than romance risk
The star stock picker still has the support of UniSuper. With the size of its mandate, she needs it.
Banks must hold firm on net zero
Macquarie’s decision to exit the Net Zero Banking Alliance risks its bottom line and leaves its carefully built reputation as a green bank in tatters.
Macquarie strikes careful tone, answering to new global mood
The investment bank and asset manager maintains a “cautious stance”, noting transaction timing, foreign exchange and geopolitics are unpredictable.
Banks strike Australia Post deal to bolster rural branches
Lenders will extend moratoriums on country branch closures and have agreed to lift funding for over-the-counter services provided at post offices.
Jun Bei Liu and the art of stock picker disclosure
The star fund manager’s new venture has been set up with a collaborator who is more than just a co-founder.
Millionaire’s factory? Macquarie is a hotbed of office romance
Macquarie Capital’s Asia Pacific chief Tim Joyce has made complete disclosures to continue his relationship with a former direct report.
January
New sector entrant doubles down on advisors for $3.5b Aveo sale
Then there’s the deep-pocketed capital partners, understood to include AustralianSuper, which will look to team up with the headline suitors later in the auction.
Macquarie hopes for AirTrunk redux with $8b AI data centre bet
The asset management giant will invest in high-performance computing projects across the United States after striking a deal with Nasdaq-listed Applied Digital.
Maverick Macquarie misfires as its business bet starts cold
The share of business lending commanded by Australia’s fifth major bank has flat-lined since last February.
CBA tightens grip on mortgage crown while Westpac relents
‘Far more competitive’ CBA extends dominance of home lending market, adding almost $16 billion to its loan book in just five months.
December 2024
What the average first home buyer looks like (according to the banks)
The country’s biggest lenders have offered a glimpse into their lending habits in the midst of a debate over whether to ease rules for younger borrowers.
Macquarie buys into private credit provider IDA
The investment bank is tapping the demand for development funding in Australia’s chronically undersupplied housing market.
Sojitz joins forces with JAL affiliate for North Queensland Airports
With earnings of some $115 million this financial year, North Queensland Airports is expected to be worth about $3 billion.
New tax laws no silver bullet for build-to-rent, NAB warns
Last week’s legislation halving the tax rate for foreign investors is a good start, but rival Macquarie agrees other factors also drag on projects.
Macquarie inks $300m deal to finance EVs for ride-share drivers
Splend, a start-up that leases electric vehicles to Uber drivers, plans to increase its fleet of ride-share vehicles to 10,000 after signing a new debt deal.
Bank of Queensland slams rural branch levy as bad policy
Chairman Warwick Negus said larger banks would only get bigger and consumers worse off under Treasury’s proposed $350 million impost on the banking sector.
Meet the Hong Kong buyout giant causing issues for PEP and Carlyle
Street Talk understands a third bidder has been hard at work behind the scenes and tipped in a binding offer on Friday.