CompaniesFinancial ServicesThe FinJoyce Moullakis and James Thomson on how Macquarie crashed the big four’s mortgage party, why deposits are next and whether the bank bubble is about to pop.Macquarie has taken plenty of market share from the country’s retail banking majors. Bethany RaeJun 11, 2026 – 5.00amFor years, Macquarie Group steered clear of Australia’s local bank customers, focusing instead on its more lucrative deal making, trading and asset management operations.But over the past decade, it changed course. Macquarie is on the march, in the home loan and deposit markets.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Latest In Financial servicesFetching latest articles