0127 GMT - Macquarie's sale of its North American and European public investments business to Nomura for A$2.8 billion puts a renewed focus on its surplus capital, Citi says. The transaction adds to the A$3 billion of surplus capital that is currently sitting on Macquarie's balance sheet when hybrid instruments are excluded. "The recent bounce in the AUD is also likely to see a modest positive FX contribution to capital as well," analyst Thomas Strong says. "Recent market volatility, however, could see Macquarie hold on to this excess capital for a longer period in anticipation of opportunities arising." Macquarie is up 0.4% at A$180.58. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
April 21, 2025 21:27 ET (01:27 GMT)
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