Consider a large financial intermediation group that includes a significant multinational bank: Macquarie Group in 2023...
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Consider a large financial intermediation group that includes a significant multinational bank: Macquarie Group in 2023 (all values AUD Mill). (continuation from previous column) Interest Income 10,139 Non-Interest Expense 13,208 Total Interest Expense 7,111 > Labor & Related Expense 7,703 > Equipment Expense 315 Net Interest Income 3,028 > Operating Provisions 55 Loan Loss Provision 333 > Taxes Other than Income Taxes 155 Net Interest Income after Provision 2,695 > Depreciation & Amortization 855 > Other Operating Expense 4,296 Non-Interest Income 15,042 Operating Income 4,529 > Securities Gain -84 Non-Operating Income (Expense) 2,642 Unusual Expense 66 > Trading Account Income 6,829 Pretax Income 7,105 > Foreign Exchange Gains 686 Income Taxes 1,824 >Trust Income, Commissions 6,558 Equity in Affiliates -167 & Fees >>Trust Income 3,273 Other After Tax Income (Expense) >>Commission & Fee Income 3,285 Consolidated Net Income 5,001 Other Operating Income 1,053 (continues in next column) Minority Interest Expense Net Income -14 5,015 Total Assets: 387,872 Total Liabilities: 353,766 Total Equity: 34,106 Using only these data from the Income Statement, Total Assets, Total Liabilities and Equity above, what can you say/infer about the way this global financial intermediary generates profits? Focus on the possible activities they carry out, as well as their use of debt and leverage. (Be concise and precise, you are allowed to type up to 40 lines, but you can answer in much less) Consider a large financial intermediation group that includes a significant multinational bank: Macquarie Group in 2023 (all values AUD Mill). (continuation from previous column) Interest Income 10,139 Non-Interest Expense 13,208 Total Interest Expense 7,111 > Labor & Related Expense 7,703 > Equipment Expense 315 Net Interest Income 3,028 > Operating Provisions 55 Loan Loss Provision 333 > Taxes Other than Income Taxes 155 Net Interest Income after Provision 2,695 > Depreciation & Amortization 855 > Other Operating Expense 4,296 Non-Interest Income 15,042 Operating Income 4,529 > Securities Gain -84 Non-Operating Income (Expense) 2,642 Unusual Expense 66 > Trading Account Income 6,829 Pretax Income 7,105 > Foreign Exchange Gains 686 Income Taxes 1,824 >Trust Income, Commissions 6,558 Equity in Affiliates -167 & Fees >>Trust Income 3,273 Other After Tax Income (Expense) >>Commission & Fee Income 3,285 Consolidated Net Income 5,001 Other Operating Income 1,053 (continues in next column) Minority Interest Expense Net Income -14 5,015 Total Assets: 387,872 Total Liabilities: 353,766 Total Equity: 34,106 Using only these data from the Income Statement, Total Assets, Total Liabilities and Equity above, what can you say/infer about the way this global financial intermediary generates profits? Focus on the possible activities they carry out, as well as their use of debt and leverage. (Be concise and precise, you are allowed to type up to 40 lines, but you can answer in much less)
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