MQG 0.47% $110.49 macquarie group limited

who thinks mqg will have a go at sun

  1. 2,382 Posts.
    i have a feeling that MQG will look at buying a retail bank to get access to its deposits, which is the cheapest retail bank at the moment? SUN.

    i can see MQG buying SUN, selling of the general insurance division to QBE and MQG keeping the banking and wealth management divisions and interating them into Macquarie own wealth divisions.

    if you think that is a crazy idea just have a read of what Nic Moore of MQG said "get back to traditional banking" looking at Morgan Stanley and Goldmans in the US both converting to retail banks, the chances of Macquarie doing a deal with SUN is high.

    once the bed in the deal then Macquarie will have an eye on ANZ.

    i hold positions in ANZ, SUN and MQG.
 
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