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Macquarie Bank

This Month

Based on assumptions circulated by Treasury last week, Macquarie would pay up to $75 million under the proposed system.

Macquarie could pass on bank levy to home borrowers

Banking disrupter Macquarie would jack up interest rates on mortgages or even leave the retail market altogether under a rural service proposed levy, an analyst says.

  • Lucas Baird, John Kehoe and Tom McIlroy
Keystone’s Paul Chiodo.

Distressed debt fund wrangles with Deloitte to win $480m Keystone fund

Sources said Deloitte has failed to be wooed by Arbitrium’s bid so far, and is veering towards a liquidation which could be a lengthy and expensive process.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
A CBA ATM in Hay, NSW, on Sunday. CBA has put a moratorium on closing any more regional branches.

Macquarie, Westpac and CBA big losers from $350m rural bank levy

Confidential details shared with industry participants show the size of the cost to the biggest lenders as Treasury attempts to keep regional branches open.

  • Updated
  • John Kehoe and Joshua Peach
Sacks of lithium carbonate at the Albemarle’s lithium processing facility in Antofagasta, Chile.

Albemarle says West cannot end reliance on China in critical minerals

CEO Kent Masters says “returns are not there” to pivot lithium supply, crucial for the EV industry, to the West because of low prices and high operating costs.

  • Amanda Chu
Pixie Curtis and her mum Roxy Jacenko.

$85k a year wasn’t worth this influencer’s childhood

PR maven Roxy Jacenko says she regrets letting her daughter Pixie Curtis have a public social media account, despite the income it generated.

  • Updated
  • Amelia McGuire
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Morgan Stanley has poached Macquarie’s David Bailey to lead Australian healthcare coverage.

Morgan Stanley lures healthcare analyst from Macquarie

Morgan Stanley topped Institutional Investor’s All-Asia research rankings for the 10th consecutive year in 2024 and ranks No.1 for Australia/New Zealand research. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport

October

DIF and Cbus’ slice of the portfolio includes 390 megawatts of operating assets and 480MWs of shovel-ready pipeline projects.

Italy’s Enel poised to acquire DIF’s $800m renewables portfolio

The group has gained exclusivity over Bright Energy Investments, which was marketed by Macquarie as the third-largest portfolio in the Wholesale Electricity Market to be put up for sale since 2008.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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WiseTech soars; Inside Macquarie’s new HQ; Rockpool’s saviour?

Read everything that’s happened in the news so far today.

BHP and ANZ director Christine O’Reilly; Macquarie Group director Rebecca McGrath and AUB chair and CBA director Peter Harmer.

2024’s most powerful and influential directors revealed

As AGM season gathers pace, the BOSS index of the country’s most powerful and influential directors reveals a new cohort rising through the ranks.

  • Patrick Durkin
Victoria’s much awaited digital licence is not compliant with international security and interoperability standards.

Victoria’s $8b black box, stamped confidential

In 2022, pandemic-indebted Victoria sold its motor registry to a consortium led by Macquarie Bank. Two years later there is not much to show for it, and the secretive registry is free from scrutiny.

  • Tom Burton
Recent office sales, such as 388 George St, have represented a cap rates of just over 6 per cent which is only slightly higher than the reported cap rates of listed REITs.

More pain to come for office tower values despite 20pc tumble

Challenges to the office sector mean only the best towers are expected to increase in value as interest rates fall.

  • Campbell Kwan
Iris Energy - Brothers Will Roberts and Daniel Roberts: ex Macquarie bankers now doing green bitcoin mining.

PwC given green light to chase bitcoin miner Iren for $153m debt

The Nasdaq-listed group, which is attempting to rebrand as a data centre firm, unsuccessfully argued it couldn’t be pursued in Australia for Canadian loans.

  • Amelia McGuire

From Trump to Khuda: secrets of Australia’s most-connected director

Mark Barnaba has an uncanny ability to forge close personal relationships that turn into long-term and lucrative business opportunities.

  • Jennifer Hewett
Jason Todd and Jun Bei Liu.

Ex-Macquarie, CBA wealth boss joins Jun Bei Liu’s shop

Todd’s contact book is chock-full of private wealth types and should give Liu additional firepower to further grow her $1.7 billion Alpha Plus fund. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Former RBA governor Philip Lowe and successor Michele Bullock.

Barrenjoey expunges Philip Lowe’s original sin

The start-up bank’s taking the former RBA governor back to where the relationship began.

  • Mark Di Stefano
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September

Macquarie has pushed into mortgages as it attempts to find growth as its more traditional businesses lag.

Macquarie leads the pack in end-of-year mortgage scramble

Official figures show the financial services giant’s loan book rose at four times the pace of its big bank rivals in August.

  • Lucas Baird
TPG chief executive Iñaki Berroeta is heading towards the climax of his two-year-long strategic review.

Vocus owners sign up co-investor in $6b-plus tilt for TPG’s fibre

TPG is within days of announcing the winner of the auction which stemmed out of a strategic review ordered nearly two years ago, the sources added.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Macquarie’s headquarters in Sydney. The company is a major player in the energy market.

Macquarie cops record fine after failing to catch dodgy energy deals

The corporate regulator says the bank was warned a dozen times that there were suspicious futures transactions following Russia’s invasion of Ukraine.

  • Updated
  • Ronald Mizen and Lucas Baird
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Inflation cools; PM targets negative gearing; Macquarie fined

Read everything that’s happened in the news so far today.

Australia’s most powerful deal makers in 2024

If investors step up and hit the bid on those valuations, the market will see real momentum. If not, it will be the same painful conversation about dry powder next year.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Original URL: https://www.afr.com/company/mbl-xp