RBA plan for CBA’s Macquarie buy revealed
At the depths of the GFC the Reserve Bank hatched a secret plan for the CBA to acquire Macquarie in a deal which would have reshaped Australia’s financial sector.
At the depths of the GFC the Reserve Bank hatched a secret plan for the CBA to acquire Macquarie in a deal which would have reshaped Australia’s financial sector.
Former Macquarie Group chief Nicholas Moore will be responsible for mapping out Australia’s trade and investment with ASEAN nations to 2040.
The tributes have come quickly for infrastructure titan Scott Charlton, who has announced his resignation from Transurban.
Macquarie says its commodities unit has a ‘long runway’ for growth and its earnings have put the company’s annual profits on track for another record.
Transaction activity is expected to be substantially down on a record 2022 financial year, Macquarie says.
A key player in the global climate response, Macquarie Group chief executive Shemara Wikramanayake has smashed through every barrier on her way to the top.
Two major lenders will now take into account buy now, pay later debts when assessing whether a prospective borrower can service a home loan.
The Australian listed asset manager has replaced adviser Barrenjoey with Macquarie as it moves to rebuild the business.
PM appoints former bank CEO Nicholas Moore as Special Envoy to Southeast Asia, as government moves to deepen ties with the economic powerhouse.
Macquarie wants to increase its involvement in the “massive pipeline” of renewable energy projects required globally.
The big banks are facing increasing pressure to boost their deposit and savings rates as smaller rivals seek to disrupt the market with competitive offers. See the best savings rates out there.
On one investor call, Washington H. Soul Pattinson this week said it had sold around $400m in Australian bank equity.
Macquarie Group’s asset management unit has pulled the plug on its listed Asian equities business, leading to the closure of some funds.
Macquarie is likely to provide some guidance next week about first-half profits, but it’s finely balanced as to whether that spells an upgrade to expectations.
Waste company Bingo Industries has pleaded guilty to criminal cartel offences relating to price fixing for demolition waste services in Sydney.
Despite a strong start to the year, Macquarie cautioned of weakening trading conditions and shied away from providing 2023 earnings guidance to coincide with its AGM.
The investment banking arm at Macquarie Group is reshuffling its management ranks.
The investment and retail bank has ranked top of the pile for home loans across metrics including credit growth and broker experience, while ANZ lags the pack.
CBA kicked off latest round of home loan rate hikes less than 24 hours after the RBA’s third increase since May. ANZ, Macquarie Bank, NAB and Westpac follow suit.
Macquarie Group executives allege a $10.3m payment to former CEO Eddie Sheehy was to clear the way for his exit, not compensate him for the true value of his share options.
The three key trade buyers battling it out for Westpac’s wealth management unit are believed to be Colonial First State, AMP and Macquarie Group.
The intensity of oil and gas price swings resulted in super trading profits that delivered hundreds of millions of dollars in just weeks.
Macquarie Bank’s Viktor Shvets expects runaway global inflation to swing back to disinflation very quickly.
Banking bosses make few friends for saying so, but troubled times are good for traders.
Shemara Wikramanayake cautions against ‘blowing up the mandate’ for the transition away from traditional energy sources.
Macquarie is facing significant fines as the corporate regulator sues it for alleged failures to monitor third-party withdrawals from customer accounts.
A Victorian Supreme Court judge says Macquarie knew a restructure of mortgage aggregator Connective was intended to circumvent rights of a minority shareholder.
The sale completes a decade long odyssey which saw the Chinese group pick up the station from administrators before selling out as commodity prices surge.
Macquarie Group is understood to have launched the sales process for a stake in Seven Group’s Crux gas field.
Banking powerhouse Macquarie Group is believed to be lining up in the auction to contest Kohlberg Kravis Roberts for Westpac’s $1bn-plus wealth management unit.
Original URL: https://www.theaustralian.com.au/topics/macquarie-group/page/4