Commonwealth Bank of Australia is in talks to merge its old-fashioned mortgage broker Aussie Home Loans with sector newcomer Lendi, and create a two-pronged mortgages powerhouse that could be floated on the sharemarket as early as next year.
As first reported by Street Talk on Sunday, CBA's dealmakers and Lendi's board and management team are exploring options to put the two businesses together, and considering ways to match Aussie Home Loans' established brand and big broker network with Lendi's technology platform, customer base and rapid growth.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
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
Tim Boyd is a journalist, based in Sydney, who writes for the Street Talk column. Connect with Tim on Twitter. Email Tim at tim.boyd@afr.com
