Yesterday
Macquarie ramps up stress tests of software exposures as AI fears loom
The financial services giant had higher earnings across all divisions in its third quarter, with the commodities and global markets unit a standout performer.
Exits mount at Cooper Investors as ‘next gen’ managers depart
Eleven people in Cooper Investors’ investment team have left the Melbourne fund manager since June, Street Talk can reveal.
Macquarie outlines plan to grab more market share in deposits
After expanding home loans and savings accounts, the bank says term deposits are next as it ratchets up competitive tension before results from major lenders.
This Month
Zara billionaire joins Macquarie’s $11.6b bid for Qube
The family office of the owner of fast fashion brand Zara, as well as Brighter Super, Mercer and UniSuper have agreed to invest alongside Macquarie Asset Management.
Top banks trial stablecoin loan deals, but a bigger threat is looming
NAB and Westpac were among the banks taking part in recent stablecoin capital markets transactions, under a program backed by the RBA.
Extreme US weather will buoy Macquarie’s profit, but headwinds abound
A spike in volatility and soaring demand for electricity and natural gas will certainly help the group’s earnings, but there are offsetting factors too.
Crescent revives Hall Contracting exit plans, brings in bankers
Greenhill has become the go-to banker for Crescent, and is currently also helping it find buyers for outsourcing player Emapta and childcare group Green Leaves.
From tailored suits to a new Rolex, bankers splash bumper bonuses
It has been the best payday since the pandemic, and investment bankers have not wasted the opportunity to assess their career options, and their lifestyles.
Argonaut hires former Citi vice chairman as adviser
Jon Gidney, who is based in Sydney, will provide strategic advice to Argonaut’s executive leadership and board.
Citi hires Houlihan Lokey director Kriss Pachauri
His deal credentials include a slew of exits for financial sponsors including Five V Capital’s sale of Totara Learning Solutions.
Sharon AI’s non-deal roadshow draws a crowd; MacCap nabs No.2 JLM spot
The ASX listing is understood to be on track for March. Fund managers are yet to receive indications on the offer size or pricing.
Wylie’s Tanarra Capital hits back at former employee’s lawsuit
Tanarra claims the former investment director told the company he was grateful for the chance to work for the company.
PYC Therapeutics launches $600m-plus cash call, hires two banks
The listed biotech has a pipeline of RNA-based drugs to treat rare conditions such as polycystic kidney disease.
Wylie’s Tanarra Capital faces lawsuit from former investment director
The asset manager is one of the most high-profile in the country, and has been embroiled in a growing dispute with its former employee for several years.
From Ascham to Wall Street: How Citi’s Jane Fraser embraces disruption
Jane Fraser has won plaudits for the pace of her progress at banking giant Citi. But now she wants to go faster, even as global volatility and AI shake things up.
Citi CEO Jane Fraser says Australia can prosper in new world order
Jane Fraser, the first woman to lead a Wall Street bank, says Australia can become a much-needed global financial centre in a new age of geopolitical turmoil.
Succession takes centre court at the Australian Open men’s final
Novak Djokovic and Carlos Alcaraz’s battle took second place to networking among many of Rod Laver Arena’s patrons on Sunday night.
Vitamins group Homart Pharmaceuticals readies $100m IPO
The vitamins and beauty products business is working with advisers at Canaccord Genuity and Morgans Financial on a non-deal roadshow.
Bell Potter’s head of institutional equities departs; Unger promoted
Jamie Gordon joined Bell Potter in 2011 and has worked in financial markets for over 20 years in Australia, the United Kingdom and Italy.
Who’s front and centre at the Australian Open women’s final
The tech bros were out in full force (including the original, Bill Gates), as were the investment banks and ANZ’s top brass.
