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Chanticleer

CBA has fighting words as it prepares to get one back at Macquarie

Commonwealth Bank’s move to chase $20 billion in real estate agents’ bank accounts seems bitsy, until you realise who it is going after.

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When it comes to banking this year, there is no escaping Macquarie.

Even when we go to Commonwealth Bank – the country’s biggest bank with a $1.3 trillion balance sheet, four times larger than disruptor Macquarie’s – it’s news around the silver doughnut that steals the show.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p5jmdz