Macquarie Is the 5th Big Bank in Australia.

Macquarie Bank has phenomenally grown their home loan book. They are growing this at multiples, absolute multiples of their competitors. Macquarie is literally growing at five times the rate of ANZ. And why? Because these guys have got margins to maintain. Fent: Incomity is its own defense. At some point it trips over and goes from being a wonderful, defensive characteristic to a massive millstone around your neck.