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Bendigo and Adelaide Bank has inked a deal to buy the ANZ investment lending portfolio, allowing it to further grow its margin lending business, Leveraged Equities.
The regional bank will oversee a $2 billion margin loan portfolio after it acquires ANZ’s investment lending business.
The deal will see Bendigo and Adelaide Bank’s margin lending portfolio exceed $2 billion. Bendigo and Adelaide Bank has agreed to acquire ANZ’s $715 million share investment lending portfolio in
Consumer sentiment hit record lows, with rising concerns regarding persistently high inflation. With inflation hitting a new 40-year high at 8.6% in May, an aggressive rate hike of up to 75 bps is very likely in the near term, and the Fed’s 2% inflation target seems to be a distant dream now. Such grim anticipation and lingering […]