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Macquarie banks on tech nerds to smash big four’s mortgage oligopoly
When it came to building up its retail banking business, the Silver Doughnut has taken inspiration from America’s tech giants – not its banking rivals at home.
Macquarie has taken plenty of market share from the country’s retail banking majors. Bethany Rae
Champagne, couture, and racing odds usually dominate the conversation inside The Birdcage, Flemington’s most coveted enclosure on Melbourne Cup day. Even the Reserve Bank of Australia board meeting struggles for airtime amid the sea of spray tans and elaborate hats.
But on a dreary Tuesday in early November 2012, as royal guests Prince Charles and the Duchess of Cornwall mingled with racing royalty, a rumour began circulating through the crowd.
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