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Asia

Market Chatter: Commonwealth Bank of Australia Steps Up Pressure on Regulators Over Macquarie's Capital Advantage

Commonwealth Bank of Australia (ASX:CBA) has stepped up pressure on financial regulators over what it describes as an unfair structural advantage enjoyed by Macquarie (ASX:MQG), according to a Monday report by the Australian Financial Review.A CBA-commissioned economic analysis from consulting firm Mandala, which was seen by AFR, argues that Macquarie's banking operations report a common equity tier 1 (CET1) capital ratio that understates its true risk exposure, supporting Macquarie's rapid growth in mortgages and deposits, the report added.An Australian Prudential Regulation Authority (APRA) spokesperson said in a response to anemail request for comment that it deprioritized its work on developing a new prudential standard for Level 3 non-operating holding companies, which started in 2022, after the 2023 banking turmoil and now will instead progressively review legacy banking non-operating holding company authorizations to ensure they remain fit for purpose and reflect underlying risks.CBA declined to comment, while Macquarie did not immediately respond to' email request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:CBAASX:MQG
Asia

ASX Midday Sector Update: Financials Stocks Gain, Materials Struggle

Financial stocks advanced nearly 1% to lead gainers in midday trading Friday amid prospects for another benchmark interest rate hike this year.Macquarie Group (ASX:MQG) fell almost 2% after its Macquarie Asset Management unit and co-investors agreed to acquire a majority stake in SI Solutions from MidOcean Partners.On the flip side, materials stocks shed over 4% as the price of copper slid.BHP Group (ASX:BHP) faces a union-funded class action lawsuit after it required thousands of miners to work on Christmas and Boxing Day holidays at a Queensland mine in 2019. The company's shares declined nearly 5%.

ASX 200ASX:BHPASX:MQG
Asia

ASX Preview: Australian Shares to Fall as Oil Tops $100; Macquarie Group Unit to Acquire Majority Stake in SI Solutions

Australian shares are poised to fall on Friday as a sharp surge in oil prices above $100 a barrel stoked concerns over inflation and prolonged supply disruptions amid escalating tensions in the Middle East.Overnight, the S&P 500 and the Dow Jones Industrial Average each fell 0.6%, while the Nasdaq Composite declined 0.7%.In the macroeconomy, investors are eyeing next week's Westpac Leading Index report.In corporate news, Macquarie Group's (ASX:MQG) Macquarie Asset Management unit, alongside co-investors including UniSuper, agreed to acquire a majority stake in SI Solutions from MidOcean Partners.Focus Minerals (ASX:FML) reported Friday first-half earnings of AU$0.2995 per share on revenue of AU$261.5 million, compared with earnings of AU$0.7726 on revenue of AU$84.4 million a year earlier.Australia's benchmark index fell past 1%, or 92 points, to close at 8,819.40 on Thursday.

ASX 200ASX:FMLASX:MQG
Asia

Macquarie Group Unit to Acquire Majority Stake in SI Solutions

Macquarie Group's (ASX:MQG) Macquarie Asset Management unit, alongside co-investors including UniSuper, agreed to acquire a majority stake in SI Solutions from MidOcean Partners, according to a Friday statement by the company.SI Solutions provides structural integrity engineering, testing, non-destructive examination, and software products to critical infrastructure industries, including power generation, nuclear, pipeline, and petrochemical sectors.The transaction expected to close later in the year, subject to approvals, per the statement.

ASX:MQG
Asia

Downer EDI Says Macquarie Group Becomes Substantial Holder

Downer EDI (ASX:DOW, NZE:DOW) received notice that Macquarie Group (ASX:MQG) and its affiliates became a substantial holder of the company on Monday, according to an Australian bourse filing on Thursday after market hours.Macquarie Group now owns 33.3 million shares in the company, representing 5.06% of the issued shares, the filing said.

ASX:DOWASX:MQGNZE:DOW
Asia

Tabcorp Holdings Says Macquarie Group Becomes Substantial Holder

Tabcorp Holdings (ASX:TAH) received notice that Macquarie Group (ASX:MQG) and its affiliates became a substantial holder of the company on Sept. 3, according to an Australian bourse filing on Tuesday after market hours.The Macquarie Group now owns 118.9 million shares in the company, representing a 5.18% total voting power, the filing said.

ASX:MQGASX:TAH
Asia

Macquarie Group Unit to Acquire 50% Stake in Secure Electronic Registries Victoria From Aware Super

Macquarie Group's (ASX:MQG) Macquarie Asset Management unit agreed to acquire a 50% ownership interest in Secure Electronic Registries Victoria, the private operator of Victoria's Register of land, from industry superannuation fund Aware Super, the investment banking company said in a statement on Monday.Aware Super will retain the remaining 50% ownership stake in Secure Electronic Registries Victoria.Completion of the transaction is anticipated in the fourth quarter of the year, per the statement.Macquarie Group shares fell 1% in midday trade Monday.

ASX:MQG
Asia

Update: Market Chatter: Macquarie Group Mulls Acquisition of Physical Metals Trading Businesses

(Updates to add Macquarie Group's response to' request for comment)Macquarie Group (ASX:MQG) recently held discussions to acquire at least two physical metals trading businesses, including Cargill's ferrous metals subsidiary and concentrates trader Transamine, Bloomberg reported Tuesday, citing sources familiar with the matter.Macquarie evaluated an outright acquisition of Transamine and also weighed a potential joint venture, but the talks have closed for the time being, according to the report. Meanwhile, the company is the leading bidder for Cargill's ferrous metals unit, and those discussions have reportedly reached an advanced stage.Macquarie Group declined to comment on the matter in response to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:MQG
Asia

Market Chatter: Macquarie Group Mulls Acquisition of Physical Metals Trading Businesses

Macquarie Group (ASX:MQG) recently held discussions to acquire at least two physical metals trading businesses, including Cargill's ferrous metals subsidiary and concentrates trader Transamine, Bloomberg reported Tuesday, citing sources familiar with the matter.Macquarie evaluated an outright acquisition of Transamine and also weighed a potential joint venture, but the talks have closed for the time being, according to the report. Meanwhile, the company is the leading bidder for Cargill's ferrous metals unit, and those discussions have reportedly reached an advanced stage.Macquarie Group did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ASX:MQG
Asia

Macquarie Group to Retain PricewaterhouseCoopers as Auditor Amid Ongoing Issues at KPMG Australia

Macquarie Group's (ASX:MQG) board decided against recommending the appointment of KPMG as auditor at the company's 2027 annual general meeting, and will instead retain incumbent auditor PricewaterhouseCoopers, according to a Wednesday filing with the Australian bourse.The decision follows continued scrutiny of KPMG Australia's audit practice, including information exposed by a parliamentary joint committee, the company said.The board has concerns related to KPMG Australia's culture, as well as its capacity to deliver the audit given that several key members of the proposed audit team have left, Macquarie said.Its shares fell 1% in recent Thursday trade.

ASX:MQG
Asia

ACCC Proposes Approval of Regional Multi-Bank ATM Trial

The Australian Competition and Consumer Commission (ACCC) is proposing to approve a regional automated teller machine trial for multi-bank withdrawals and deposits, it said Friday.Under the trial to be conducted by the Australian Banking Association and other financial institutions, all holders of an Australian-issued card will be able to withdraw cash on a fee-free basis, while customers of participating banks will be able to deposit cash without a fee.The ACCC said it proposes to grant authorization for three years, and is seeking feedback on its draft determination by Sept. 3 ahead of a final decision.

ASX:ANZASX:BENASX:CBAASX:MQGASX:NABASX:WBCNZE:ANZNZE:WBC
Asia

Macquarie Group Ratings Affirmed by Fitch

Fitch Ratings affirmed Macquarie Group's (ASX:MQG) long-term issuer default rating at "A" and viability ratings at "a," the ratings agency said late Thursday.Fitch also upgraded Macquarie Group unit Macquarie Bank's government support rating to "bbb+" from "bbb," citing the bank's rising systemic importance.Macquarie Bank continues to accumulate loss-absorbing capacity in line with Australia's major banks, which is at a sufficient level to support its recapitalization in a resolution scenario, Fitch said.The ratings agency expects Macquarie Group's business model and earnings stability to strengthen over the medium term, supported by continued expansion of the subsidiary's lending activities.It also expects profitability at both the parent and the unit to remain sound, "underpinned by the breadth of their operations and revenue streams."

ASX:MQG
Asia

Australia's Financial Regulator to Review Banks' Lending Practices, Perform Stress Tests, Amid Slowing Credit Growth

The Australian Prudential Regulation Authority (APRA) will review banks' lending practices over the next 12 to 18 months to safeguard against potentially weaker lending standards amid slowing credit growth, the regulator said Thursday.In the first half of the review period, APRA will prioritize banks' lending to small and medium-sized businesses before increasing its focus on housing lending standards in the second half of the period.The review forms part of the regulator's latest corporate plan, under which it plans to maintain financial system safety and stability without creating undue costs for the industry."As we look across the operating environment, it's clear that the international and domestic economic environments remain challenging," said APRA Chair John Lonsdale. "Geopolitical tensions continue to have economic impacts on inflation, trade relationships and cost-of-living pressures."Additionally, APRA will conduct a joint stress-test exercise with the Reserve Bank of New Zealand to gauge resilience against a severe economic downturn at both the parent and subsidiary bank level. It will also start work on a new system-risk stress test to build on the entity-level testing.The shares of Australia's top banks, some of which have flagged a slowdown in mortgage applications, were lower in recent Thursday trade.Commonwealth Bank of Australia (ASX:CBA) fell nearly 3%, while ANZ Group Holdings (ASX:ANZ, NZE:ANZ), Westpac Banking (ASX:WBC, NZE:WBC), National Australia Bank Limited (ASX:NAB), and Bendigo and Adelaide Bank Limited (ASX:BEN) all shed about 2%.

ASX:ANZASX:BENASX:CBAASX:MQGASX:NABASX:WBCNZE:ANZNZE:WBC
Asia

Investigation Finds Potential Widespread Mortgage Fraud, AUSTRAC Says

An investigation called Operation Claw uncovered potential mortgage fraud involving inflated incomes, misrepresented employment and fabricated or unverifiable business activity used to support loan applications, the Australian Transaction Reports and Analysis Center (AUSTRAC) said in a Wednesday statement.AUSTRAC's Fintel Alliance conducted a joint analysis of data from 10 major Australian banks, identifying potentially hundreds of millions of dollars in suspected fraudulent loans, mostly linked to properties in Sydney in New South Wales.The activity was not limited to one lender or borrower group, and recurring warning signs across the participating banks included falsified or misleading documents as well as the repeated use of mortgage brokers, accountants, and law firms across multiple loan applications.AUSTRAC worked with participating banks to identify controls that lenders can use to prevent, detect, and disrupt mortgage fraud. The lenders used the information generated through the investigation to identify potentially fraudulent loans, investigate suspicious activity, strengthen controls, and make further referrals to the authorities. Some banking relationships have been ended, and further action is expected."The same warning signs were found across banks that together cover the vast majority of Australia's mortgage market," AUSTRAC CEO Brendan Thomas said. "Every lender should be looking closely at these findings and asking whether the same vulnerabilities exist in their own business," he added.The Australian Banking Association did not immediately respond to a request for comments from.

ASX:AMPASX:ANZASX:BENASX:BOQASX:CBAASX:CCLASX:MQGASX:MYSASX:NABASX:SUNASX:WBC
Asia

Macquarie Group to Divest Fiberhost, INEA to Deutsche Telekom

Macquarie Group (ASX:MQG) agreed, on behalf of Macquarie European Infrastructure Fund 5, to divest Fiberhost, a fibre-to-the-home network provider, and INEA, a telecommunications services provider, to Deutsche Telekom for an undisclosed amount, with both companies to become part of T-Mobile Polska, according to a Tuesday Australian bourse filing.The transaction is expected to reach financial close at the end of the year, the filing added.The company's shares fell 2% in recent Tuesday trade.

ASX:MQG
Asia

Tabcorp Holdings Says Macquarie Group Becomes Substantial Holder

Tabcorp Holdings (ASX:TAH) received notice that Macquarie Group (ASX:MQG) and its affiliates became a substantial holder of the company on Aug. 12, according to a Tuesday filing with the Australian bourse.Macquarie Group now owns 118.9 million shares in the company, representing a 5.19% total voting power, the filing said.The companies' shares were each down 2% in recent Tuesday trade.

ASX:MQGASX:TAH
Asia

Qube Says Rubik Australia Acquires All of Its Issued Shares

Qube Holdings (ASX:QUB) said Rubik Australia acquired all of the issued shares in the firm, according to a Friday Australian bourse filing.Macquarie Group's (ASX:MQG) Macquarie Asset Management, together with its managed funds and co-investors including UniSuper and Pontegadea, completed their investment in Qube via a scheme of arrangement, valuing Qube at around AU$11.7 billion, per a separate statement.Macquarie Asset and its co-investors will work with Qube's team on the next phase of the company's growth strategy.UniSuper also received shares in Rubik Australia, in respect of the UniSuper specified shares as scheme consideration.Trading in Qube shares on the ASX was suspended from the close of trading on July 8, and Qube will be removed from the official list of the ASX from the close of trading on Aug. 17.

ASX:MQGASX:QUB
Asia

Macquarie Group Units' Total Capital, CET1 Capital Up Year on Year in June Quarter

Macquarie Group (ASX:MQG) unit Macquarie Bank's total capital and Common Equity Tier 1 (CET1) capital both increased year over year in the June quarter, according to an Australian bourse filing on Thursday after market hours.The bank's total capital in the three months to June came in at AU$36.45 billion, up from the AU$31.6 billion in the year-ago period.Its CET1 capital for the period clocked in at AU$21.2 billion, rising from the AU$19.63 billion reported for the June 2025 quarter.Its Level 1 Group CET1 ratio for the June quarter was about 14%, compared with a ratio of roughly 13% in the prior-year period. It reported a liquidity coverage ratio of 192% for the quarter, compared with 184% in the year-ago period.

ASX:MQG
Asia

Centuria Capital Group Secures GPU Financing, Power Capacity for ResetData Growth

Centuria Capital Group(ASX:CNI) said it made significant progress since its June equity raising, with additional power, deployment capacity, and graphics processing unit (GPU) financing to support the next stage of growth at ResetData, its 50%-owned unit, according to a Thursday Australian bourse filing.The company said a master services agreement has been signed with CDC Data Centres commencing with an initial allocation of 7 megawatts and a letter of intent for an increase to 10 megawatts, while about 10 megawatts of capacity is being accelerated within a Centuria data center with potential to fast-track up to an additional 20 megawatts.Centuria secured 72 megawatts of power generation units for delivery in 2028 with multi-site optionality, and executed a AU$165 million GPU bridge financing facility with Macquarie Group's (ASX:MQG) Macquarie Bank unit, it added.

ASX:CNIASX:MQG
Asia

Super Retail Group Says Macquarie Group Becomes Substantial Holder; Shares Fall 5%

Super Retail Group (ASX:SUL) received notice that Macquarie Group (ASX:MQG) and its affiliates became a substantial holder of the company on Aug. 7, according to a Wednesday filing with the Australian bourse.Macquarie Group now owns 12.2 million shares in the company, representing 5.42% of the issued shares, the filing said.Super Retail Group's shares fell around 5% in recent Wednesday trade, while Macquarie Group declined 1%.

ASX:MQGASX:SUL

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