SYDNEY: Australia's only listed investment bank, Macquarie Bank Ltd, has lifted its half-year profit by almost one-third, buoyed by fees from its specialist funds and advisory fees from a surge in mergers and acquisitions (M&As).
The bank also tipped yesterday significantly higher earnings for the rest of the year as a pick-up in equity markets and corporate activity continued to bolster profits.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!