Could the Silver Donut throw together home loans on the Yellow Brick Road? No, this isn’t the most boring rewrite of a classic children’s novel. Macquarie Group and Yellow Brick Road are apparently understood to be in talks over a plan to take on the big four banks. Leighton Holdings and Coca-Cola Amatil are tapping bond markets for funds. Meanwhile, Nine Entertainment might be saddled with a bid of debt after all, Richard Cottee’s booked another deal at Central Petroleum and the price tags are coming in for CMC’s broking arm.
Macquarie Group, Yellow Brick Road
An apparent fifth pillar could be taking shape for the Australian banking sector, according to some gossip emanating from the Birdcage at yesterday’s run of the Melbourne Cup.