You are here

SUBSCRIBERS

Macquarie eyes a slice of Aussie banks' home mortgage pie

Move comes as the investment bank diversifies into less risky areas

BT_20131029_DISRUPT29_814049.jpg
High-stakes: Macquarie's share in mortgages for investment purposes jumped 25% in the three months to July alone, although that still only accounts for 1.1% of the overall investor mortgage market. - PHOTO: REUTERS

[SYDNEY] Australia's largest investment bank Macquarie Group Ltd is pushing rapidly into home mortgages, threatening to disrupt a highly profitable segment of the banking industry long dominated by the country's top four lenders.

Australia and New Zealand Banking Group Ltd (ANZ),...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes