Macquarie Group has made no secret about its international wealth management ambitions, but would the investment bank risk entering the beleaguered and bailed-out European market to expand? This morning, deal watchers say there's a strong chance. Elsewhere, international miners dig up bargains at the estate sale of late coal baron Ken Talbot, and Northern Iron gets a higher bid from India. Meanwhile, analysts say the tide might be turning for Billabong.
Dexia, Macquarie Group
Australia's largest investment bank, Macquarie Group, is rumoured to considering bulking up its international asset management business.