Macquarie Bank Ltd - Company Profile
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Macquarie Bank Ltd (Macquarie Bank), a subsidiary of Macquarie Group Ltd, is a provider of retail banking and other financial related services. Adequate capital, improved non-interest income, and cash position are some of its key strengths, even as its business performance of Commodities and Global Markets segment could be a cause for concern. Emergence of FinTech, growing market for payment channels and wealth management prospects in Australia could offer ample growth opportunities to the bank. However, liquidity risk, emergence of neobanks, and risk related to online identity theft and hacking could pose various challenges to the bank.
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