After a scathing royal commission pushed banks to offload their wealth and advice businesses almost a decade ago, there is growing talk of a comeback.
Macquarie Bank
ASX:MQG
Head of retail banking Carolyn McCann has conceded the division’s cost base is too high relative to its peers, as she unveiled her new strategy.
The major lenders have now all called time on negative gearing.
It echoes similar moves by Westpac and Macquarie, with CBA and ANZ still reviewing their policies in the wake of the government’s negative gearing ban.
The retail bank’s Anthropic punt has given it a front-row seat in AI, and an investment record to make the Silver Donut envious.
Small rivals fear they will be squeezed out of regional markets by the same big institutions which have abandoned them.
Negative gearing changes are set to take the wind out of lending momentum at Australia’s biggest banks as investors get cold feet.
Westpac, Macquarie stop factoring negative gearing into investor loans.
The federal budget has thrown Australia’s biggest banks into a frenzy as they begin restricting property investors.
As the majors taper their risk appetite, Shemara Wikramanayake says Macquarie is ready to press its advantage in retail banking.
After years de-risking away from market volatility, Macquarie is showing how profitable chaos can be as wild swings reshape global markets.
The iPhone maker has taken the gloves off in a major escalation of its long running feud with Australia’s largest bank and most valuable company.
Storied investment firms Soul Patts and Perpetual and hedge fund Regal have all revealed plans to deepen their exposure to the booming but controversial asset class.
Two of Australia’s largest banks have declined to participate in an industry trial as the sector divides under government pressure.
Superannuation factions have traded blows over moral hazard and ‘anti-competitive’ measures.
After a bumper run, bank valuations look stretched as analysts warn earnings, margins and bad debts may leave little room for further gains.
Fund managers say Macquarie’s reinstatement process was lengthy, with advisers and clients playing a decisive role in pushing for choice.
Macquarie’s long-standing broker focus is turning into a serious edge, just as the major banks are distracted by fraud reviews, channel risk and weaker momentum.
Shemara Wikramanayake says comments by former Goldman Sachs CEO Lloyd Blankfein and Citrini Research underscore the jitters in markets which have led to outflows at Blue Owl and Blacksone.
The big banks are riding a strong earnings run and a market high. But with valuations stretched, how long can the buzz last?
The $80 billion financial services titan has detailed its insights into global markets, domestic banking and promotional gimmicks.
Australia’s banks head into 2026 with Macquarie in the freshly minted ‘big five’ and the majors battling tech revamps, restructures, talent raids and regulation.
The big four banks are all in retreat, to varying degrees, from one of the riskiest corners of the property investing market. It could leave second-tier lenders to fill the void.
A hot property market has fuelled a boom in buyers agents, but critics say weak, outdated regulation has let bad actors thrive as reckless advice spreads online.
Macquarie’s lending pullback shows how property influencers and buyers’ agents are driving risky, leveraged investment strategies in Australia’s hot market.
The investment titan has shed more light on its move away from riskier lending, as brokers urge regulation of buyers agents and online property influencers.
As banks tighten lending to trusts and APRA warns of rising risks, regulators are moving to cool an overheated housing market driven by investor speculation.
CBA has joined Macquarie in pulling back from the riskier end of the housing market as concerns mount over unsustainable borrowing.
The financial services giant has revealed it is preparing internal candidates to succeed Shemara Wikramanayake when she eventually exits.
Shemara Wikramanayake says the financial services giant has learnt lessons from the Shield Master Trust collapse as it quietly reinstated products from the likes of Allan Gray, Orbis and Vanguard.
