Macquarie's banking unit to stop new car loans to focus on mortgage growth

Macquarie Group News

Macquarie's banking unit to stop new car loans to focus on mortgage growth
Banking And Financial Services GroupNovated LeasePersonal Banking
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'This decision will enable us to further prioritise the growth of our home loan and deposit offerings,' Ben Perham, Macquarie's head of personal banking...

FILE PHOTO: The logo of Australia's Macquarie Group Ltd adorns a desk in the reception area of their Sydney office headquarters - Australian financial conglomerate Macquarie Group said on Monday its banking and financial services unit will stop new car loans through direct, broker and novated lease channels in a bid to prioritise growth of home loan and deposit offerings.

Macquarie's Banking and Financial Services Group, which contributed 15.5% to the infrastructure investor's fiscal 2023 net operating income of A$19.12 billion , said the change will not impact existing customers. Nvidia founder Jensen Huang wishes ‘pain and suffering’ on Stanford grads. Why and what to learn from his riseTelus stock is down 37% in two years and is trading near its pandemic low, making investors wonder how low it can go. The post Telus Stock Is Down to its Pandemic Low of Below $22: How Low Can it Go? appeared first on The Motley Fool Canada.

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