Macquarie sees jump in profits
MACQUARIE, Australia’s largest investment bank, yesterday predicted a rise in first-half profit and signalled its intention to expand into Europe and the US.
The bank said its first-half profit would come in somewhere between the results for the first and second halves of its last fiscal year, suggesting a profit of around A$440m (£221m).
In a trading update teeing up its annual meeting, the company said its funding situation was strong and that it was holding A$4.3bn more capital than required by regulators.