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It has since become a global investment banking and financial services group. Out of its headquarters in Sydney Macquarie operates Australia’s largest investment bank, and in the 2011/2012 financial year it reported a net profit of $730 million.
Apart from this there is a solid retail banking side to Macquarie, and cardholders and customers can take advantage of investor insights from one of the leading investment banks in Australia.
Macquarie Bank began in 1969 in Sydney and it was originally part of UK bank Hill Samuel. In 1981 Hill Samuel Australia started the process of becoming a trading bank. It was approved in 1985, when the name was also changed to Macquarie Bank Limited.
The name Macquarie Bank comes from a former governor of New South Wales, Lachlan Macquarie. Governor Macquarie is credited with turning the Australian settlement into a dynamic and thriving economy.
Two Macquarie Bank credit cards are featured on creditcard.com.au. For those looking for a better rate on purchases, the Low Rate Mastercard is competitive, and the annual fee is reasonable. On top of that you can still transfer your balance from another card and get 9 months interest free.
For those after more of the perks, try the Macquarie Bank Rewards Platinum card and enjoy the concierge service, rewards points and access to free financial updates and insights from one of Australia’s top investment banks.
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