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’Whoops!
This video (purportedly) shows a Macquarie Bank worker caught assessing certain non-bank assets, while his colleague talks Australian interest rates with 7 News:
Trivia of the Day: That’s reportedly Australian model Miranda Kerr he’s looking at.
Macquarie plans second Korean fund
Macquarie Group is preparing to launch another $1bn South Korean infrastructure fund that is expected to highlight continuing investor appetite for the focused investment vehicles. The Australian financial group,
Macquarie H1 profit falls 21%
Macquarie Group reported a 21% drop in first-half net profits on Friday but the Australian investment bank signalled it was on course for a 10% rise in the full year, reports the FT. Nicholas Moore, chief executive,
Macquarie buys Canada’s Blackmont
Macquarie Group said on Monday it would buy Canada’s Blackmont Capital for C$93.3m, in a move that gives the Australian investment bank key retail distribution in Canada. Blackmont, one of Canada’s largest independent,
Macquarie eyes Europe expansion
Macquarie Group is in advanced talks to buy the investment banking operations of Sal Oppenheim, the private European bank, in a deal that would significantly expand Macquarie’s presence in Germany. The deal,
Macquarie adds to star hires
Macquarie Group has made the latest in a string of high-profile international hires after naming Sam Small, a former managing director of Citigroup’s M&A unit, to head its European M&A business on Tuesday.
Ford and Macquarie in loan deal
Ford Motor, the US carmaker that underwent a debt-for-equity swap this year to bolster its balance sheet, has quit Australia’s retail car finance market after selling a A$1bn ($874m) motor loan portfolio to Macquarie Group.
Mac Bank goes to America
Australia’s Teflon-coated Macquarie Bank continues its steady metamorphosis from a money-machine focused on lavish management fees from its listed infrastructure funds into a money-machine focused on the financial industry,
Macquarie to buy FPK
Australia’s Macquarie Group on Wednesday said it would buy Fox-Pitt Kelton Cochran Caronia Waller, a US-based boutique bank, in a further push into the field of providing banking services to financial institutions.
Aussie banks are doing fine, thanks mate
What do you know – Australian banks punch way above their weight, according to new figures that show Australia’s four big retail banks and Macquarie, the investment bank, have raised a combined $82bn of government-guaranteed debt since October.
Australia’s top banks raise $82bn
Australia’s four big retail banks and Macquarie, the investment bank, have raised a combined $82bn of government-guaranteed debt since October, helped by their position as among the most highly-rated banks in the world.
Macquarie’s Shanghai JV approved
Macquarie Group has secured approval to launch a Chinese joint venture offering corporate banking and asset management services. The Australian investment bank has taken a 19.99% stake in a Shanghai trust company – lightly regulated vehicles that can also make a wide range of equity investments – acquiring a 19.99% per cent stake in Sino-Australian International Trust Co,
Another day, another Mac Bank deal
Lo and behold in Sydney and Shanghai — more deal-making in the steady metamorphosis of Australia’s acquisitive Macquarie Group.
Mac Bank, which is moving away from its old business model focused on listed infrastructure funds and looking increasingly to the US and Asia,
Macquarie in talks for Fox-Pitt Kelton
Australia’s Macquarie Group is in talks about a takeover of Fox-Pitt Kelton, a small UK-based financial services firm partly owned by private equity firm JC Flowers, reports DealJournal. While no deal has been finalised,
Macquarie Infrastructure considers split
Macquarie Infrastructure Group, a leading private owner of toll-roads, is considering splitting into two entities. The move could end the lucrative long-term management contract owned by Macquarie Group,
‘Teflon’ Mac Bank — onwards and outwards
Australia’s amazing Teflon-coated Macquarie Group is metamorphosing as we write – heading speedily down the path of funds management as it discreetly winds back its listed infrastructure funds business.
Snap news
Breaking pre-market news on Thursday,
- Qatar paid Porsche €80 per VW share — Reuters report.
- Macquarie to restructure, spin off infrastructure, review says – Bloomberg report.
- Corporate:
Macquarie seals China, US deals
Macquarie Group on Wednesday unveiled deals in the US and China that mark another step in the Australian bank’s global expansion. Macquarie sealed its largest foreign acquisition with the purchase of Delaware Investments,
Macquarie, Everbright, to raise funds
Macquarie Group, Australia’s largest investment bank, and China Everbright plan to raise $1.5bn for two funds to invest in Greater China infrastructure projects, reports Bloomberg. Macquarie and Everbright,
Macquarie: Profits lower, outlook up
Macquarie Group on Wednesday warned that first-half profits could fall by about 28% from a year earlier. Nicholas Moore, chief executive, flagged an expected weaker contribution from core investment banking activities – a key driver of earnings growth – but said all businesses except Macquarie Capital had improved their underlying performance in the opening quarter.
‘Teflon’ Mac Bank sails on
Regardless of all those doomsayers who never seem to give up hope that they’ll see Macquarie Group come a cropper, Australia’s so-called “millionaires factory”, though slightly worse for wear, has shown yet again that it’s doing fine,
China eyes $5bn railway IPO
The Chinese government has hired two foreign banks to restructure some of the country’s best railway assets with a view to listing the holding company in an initial public offering that could be worth as much as $5bn.
Macquarie comes roaring back
Timing is everything and times certainly change quickly, as Macquarie Bank has reminded us in the past couple of days. Just a few months ago, Macquarie’s many detractors were sneering at the Australian investment bank’s various troubles – a big toll road project going wobbly,
Macquarie Group raises A$1.2bn
Macquarie Group has raised A$1.2bn ($983m) from institutional and retail shareholders in the latest sign of renewed confidence in the Australian investment bank, whose share price has more than doubled in the past three months.
Macquarie said to bid for AIG unit
Macquarie Group, Australia’s biggest investment bank, is bidding for an AIG fund unit with about $100bn under management, reports Bloomberg. AIG expects to sell the unit for as much as $500m. Macquarie is among several firms pursuing AIG Investments,
Macquarie H2 profit plunges
Macquarie Group, Australia’s largest investment bank, said on Friday that second-half profit dropped 64% as a collapse in asset prices caused larger-than-forecast writedowns, reports Bloomberg. Net income fell to A$267m ($194m) in the six months to March 31,
Leighton saves Macquarie in $3.5bn project
Leighton Holdings has rescued a A$4.8bn ($3.5bn) Australian road project and its underwriter Macquarie Group by striking a deal with a dissident shareholder trying to shut down the development, reports Bloomberg.
Snap news
Breaking pre-market news on Tuesday,
- Britvic announces successful refinancing of debt – statement.
- MCB considers bid for RBS Pakistani business – statement. Also Jahangir Siddiqui Ltd – Reuters.
Macquarie sues rebels over toll road
Macquarie Group has moved to protect its financial exposure to BrisConnections, an A$4.8bn ($3.3bn) Queensland toll road project whose partly-paid shares have fallen by 99% since their catastrophic market debut last year.