CBA unveils aggressive business banking strategy to take on Macquarie

Commonwealth Bank is ramping up its fight with Macquarie, unveiling plans to target the $20 billion pool of deposits that real estate agents hold on behalf of renters.

It is a niche largely dominated by Macquarie, but one that CBA wants to expand as part of a more aggressive approach to winning more business deposits and becoming the country’s biggest business bank by both deposits and lending.