i think ANZ or NAB would have a go at AMP for the financial services.
I think MQG would be smart getting a smaller retail bank like SUN, selling off the insurance division to QBE and then going from there to build up a Macquarie retail bank.
AMP has no retail deposit base like SUN has, MQG could probably also buy BankWest from HBOS and then they would have a platform for building up their retail presence and being able to tackel the big retail banks.
MQG would have a much better balance sheet for future acquisitions as well if they could get a presence in retail banking, why else did they split the company up?
macquarie takeover . more rumours, page-4
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Last
$16.99 |
Change
0.230(1.37%) |
Mkt cap ! $21.41B | |||
| Open | High | Low | Value | Volume |
| $16.73 | $17.00 | $16.71 | $10.98M | 649.8K |
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| No. | Vol. | Price($) |
|---|---|---|
| 17 | 4989 | $16.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.99 | 728 | 11 |
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| Last trade - 12.58pm 10/07/2024 (20 minute delay) ? |
| SUN (ASX) Chart |