Macquarie Group Ltd (4M4.DU)
- Yahoo Finance AU
Fast-growing Aussie bank starts major overhaul as all branches lose cash ahead of 'digital only' deadline
Macquarie Bank customers only have a few weeks left to access over the counter services.
- Reuters
Macquarie's $1.5 bln India EV platform to focus on fleet electrification
Australia's Macquarie Group launched on Monday an EV financing platform for India that will focus 95% of its $1.5 billion investment on electrifying fleets of commercial vehicles. The platform, called Vertelo, will offer financing, fleet management and charging infrastructure solutions, its chief executive Sandeep Gambhir said at the launch. The remaining 5% of investment will go towards charging infrastructure and other requirements.
- Reuters
Macquarie's banking unit to stop new car loans to focus on mortgage growth
"This decision will enable us to further prioritise the growth of our home loan and deposit offerings," Ben Perham, Macquarie's head of personal banking, said in a statement. Macquarie's Banking and Financial Services Group, which contributed 15.5% to the infrastructure investor's fiscal 2023 net operating income of A$19.12 billion ($12.33 billion), said the change will not impact existing customers.
