by Amruth Sundarkumar | Mar 3, 2023 | Corporates
Macquarie is planning a takeover bid of over over £5bn ($6bn) for M&G, a UK-based fund management and insurance group. M&G has a market capitalization of just over £5bn ($6bn) and was the former UK arm of Prudential. No final offer has been made yet and...
by Amruth Sundarkumar | Oct 11, 2022 | Banks, Credit Ratings
Macquarie Group was upgraded to A from A- by Fitch. Among the drivers for the upgrade is a low double leverage. Fitch explains this further by stating that the same factors that apply to Macquarie Bank also apply to Macquarie Group, given that the latter is the...
by Amruth Sundarkumar | May 6, 2022 | Banks
Macquarie Group reported net profits of AUD 4.7bn ($3.3bn) for FY 2022, up 56% YoY. Profit for the half year ending March 2022 was at AUD 2.7bn ($1.9bn), up 30% over the previous half-year. The group benefitted from its “Markets-facing activities”, which...
by Megha Malhotra | Feb 8, 2022 | Banks, Financial News
Aussie lender Macquarie Group said that it reported record results driven by favorable market conditions and buoyed by a rapidly growing mortgage book. The group which does not disclose profit figures in quarterly updates, said that net profit contribution from its...
by bondevalue | Apr 1, 2021 | Financial Institution Bonds
Macquarie Bank’s liquidity and operational risk capital requirements have been increase by the Australian Prudential Regulation Authority (APRA) following multiple breaches to prudential and reporting standards. Macquarie Bank is now required to hold an A$500mn...
