CTP 1.92% 5.1¢ central petroleum limited

Ann: Receipt of proposal from Macquarie Group Limited, page-3

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  1. 1,726 Posts.
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    There used to be a convention that banks stuck to banking and didn't compete with main street on main street .

    Obviously no non-finance company can compete with a bank .

    This is neither commercial banking nor investment banking - if investment banking is considered to derive it's income from fees and commissions .

    It is outright trading on their own account . MacQ are acting as a hedge fund rather than a bank .

    What next ? Are they going to jack up the finance costs ?

    Pathetic and ought to be illegal .
 
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