ASX MQG: Macquarie caught between crisis and opportunity
Some investors say the fallout from banking disasters might bring Macquarie’s winning streak to an end.
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Some investors say the fallout from banking disasters might bring Macquarie’s winning streak to an end.
The country’s largest banks are consolidating their lead over smaller rivals, growing their share of the ultra-competitive mortgage refinancing market even though it is damaging returns.
Regulators have gone beyond global banking regulatory requirements in several important areas, which has paid off in the weeks of turmoil after the failure of SVB.
The competition regulator’s chairwoman, Gina Cass-Gottlieb, says the review will look at the “frictions and impediments” to savers easily switching products.
The speed with which the banking crisis has rolled out, and government support has rolled in, raises big questions for investors.