Macquarie eyes slice of Aussie banks' home mortgage pie

SYDNEY: Australia's largest investment bank Macquarie Group Ltd is pushing rapidly into home mortgages, threatening to disrupt a highly profitable segment of the banking industry long dominated by the country's top four lenders.

Australia and New Zealand Banking Group Ltd , Commonwealth Bank of Australia , National Australia Bank Ltd (NAB) and Westpac Banking Corp are on track to report a combined record profit for the fifth consecutive year. Part of the profit stems from their leading positions in the country's $1.25 trillion mortgage market.