Australian Broker forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Macquarie profits to fall 50%

Notify me of new replies via email
Australian Broker | 05 Feb 2009, 12:00 AM Agree 0
Macquarie Bank, which began winding back its residential mortgage origination business in March last year, will see its profits fall by 50% due to massive write-downs.

  • Dallas | 06 Feb 2009, 07:52 AM Agree 0
    Let me see if I have this right.....in the midst of a complete meltdown in markets Macquarie has still managed to make a profit ? Forget going bust, they're out their making money. They must be about the only investment bank in the world to manage that
Post a reply