Macquarie has a deposit problem 06 May 2024 7:46AM Latest news Macquarie Bank is having trouble doing enough new lending to soak up the inflow of funds from its strong deposit franchise. read more
Moody's downgrades Bendigo and BOQ, upgrades two banks 07 March 2024 5:54AM Latest news Ian Rogers The application of Moody’s revised Advanced Loss Given Failure analysis to certain Australian banks yesterday has led to a shake-up of credit ratings for four banks, including two downgrades for regio.. read more
Macquarie goes after bigger business banking share 14 February 2024 5:28AM Latest news John Kavanagh Macquarie Group is looking to reproduce the digital enhancements it has introduced into its personal banking business in its business banking operation, as it targets higher growth in that market. read more
Macquarie unveils out-of-cycle cuts to variable rate loans 30 January 2024 5:14AM Latest news George Lekakis Macquarie Bank appears hellbent on continuing to build market share across its mortgage lending business this year following a decision to cut the cost of most of its variable rate home loans. read more
Macquarie and ANZ wrote more than half of new mortgages in October 01 December 2023 5:26AM Latest news George Lekakis Macquarie Bank and ANZ together accounted for more than half of the system-wide growth in the Australian mortgage market in October as most regional banks and mutual lenders watched their loan books s.. read more
Former APRA chair to join Macquarie Bank board 06 November 2023 5:46AM Latest news John Kavanagh Former APRA chair Wayne Byres will join the board of Macquarie Group subsidiary Macquarie Bank next year, as a non-executive director. read more
Banking division Macquarie's only bright light 06 November 2023 5:44AM Latest news John Kavanagh Macquarie Group’s banking and financial services division was the only one of the group’s divisions to increase earnings during the six months to September 2023. read more
Macquarie hikes fixed rate mortgages for second time in October 01 November 2023 5:26AM Latest news George Lekakis Macquarie Bank has hiked its range of fixed interest home loans for the second time in less than 30 days. read more
Macquarie reins in phone support for brokers 10 October 2023 4:34AM Latest news George Lekakis Macquarie Bank’s unswerving shift to a digital-only servicing model has been widened to include the removal of some types of phone-based support for mortgage brokers. read more
Mortgage approval times 'less relevant' 12 September 2023 5:26AM Latest news John Kavanagh Fast loan approval times are not the high priority for mortgage applicants they once were, according to Macquarie Securities’ latest broker survey. read more
MacBank to terminate telephone banking, cash deposits and cheques in 2024 07 September 2023 5:53AM Latest news George Lekakis The war on cash and cheques at Australian banks is about to intensify with two of the country’s leading deposit takers – Macquarie and CBA - flagging new measures to manoeuvre customers away from anal.. read more
Macquarie completes controversial BOND appointments 28 July 2023 5:35AM Latest news John Kavanagh The appointment of former global chief operating officer of Standard Chartered Bank, David Whiteing to the Macquarie Bank board brings to three the number of bank-only non-executive directors Macquari.. read more
Macquarie was the biggest buyer of its own shares on ASX last week 29 June 2023 1:52AM Latest news George Lekakis One of the curiosities of trading on the ASX towards the end of June each year is the heavy buying activity of Macquarie Group in its own stock. read more
Moody's upgrades Macquarie 05 June 2023 5:34AM Latest news Ian Rogers Moody's Investors Service has upgraded Macquarie’s ratings. read more
Macquarie's dubious governance move 08 May 2023 6:15AM Latest news John Kavanagh Macquarie Group has adopted a questionable approach to dealing with the Australian Prudential Regulation Authority’s concerns about the governance of Macquarie Bank, appointing a supposedly “bank-only.. read more
Macquarie launches code of conduct for mortgage brokers 01 March 2023 6:03AM Latest news George Lekakis Macquarie Bank’s booming mortgage business has clarified its professional expectations of thousands of brokers that market its home loan products after the release of a new proprietary code of conduct.. read more
Being 'unquestionably strong' comes with a hefty price tag 08 February 2023 5:36AM Latest news John Kavanagh APRA’s new bank capital framework has shaved A$2.4 billion off Macquarie Group’s capital surplus above the regulatory minimum. read more
Macquarie hikes fixed rate mortgages ahead of RBA board meeting 31 January 2023 5:36AM Latest news George Lekakis Macquarie Bank will hike a range of fixed rate home loans ahead of the Reserve Bank’s widely expected official rise next week. read more
Macquarie silent on misconduct allegation aired in parliament 22 November 2022 5:51AM Latest news George Lekakis Macquarie Group has declined to comment on allegations raised in Federal Parliament that it was involved in a series of scams that improperly boosted the export revenue of Australian coal producers. read more
Macquarie's deposit-based funding strategy 31 October 2022 5:59AM Latest news John Kavanagh Macquarie Group’s banking and financial services division has long been noted for its ability to grow its mortgage portfolio and, to a lesser extent, business loan book at a rate that is many times sy.. read more