Published: December 30, 2018
It is an area where Macquarie has been dabbling, even if its banking and financial services division accounts for just 2 per cent of the Australian mortgage market. The operation is getting bigger, and lending could soon outpace deposit growth, limiting expansion.
None of the big four banks, led by Commonwealth Bank of Australia , are likely targets: too large and too messy. Instead, Macquarie could pursue a strained regional bank, such as $4 billion Bendigo and Adelaide Bank, or Bank of Queensland, which had lost a fifth of its value through the first 11 months of 2018. Neither is especially well-placed to handle the regulatory and technological challenges ahead, but would suit a quinquagenarian in search of a new adventure.
Reuters
from Viral up Blog http://bit.ly/2LG3Agd
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