Citi consumer banking retreat; CDPQ back at Tilt; Quintet Yorkway debt fund

Good evening,

Citi is waving goodbye to credit cards and mortgages Down Under.

As revealed by this column on Thursday afternoon, the global banking giant is preparing its retreat from consumer banking in Australia, and is already talking to buyers about snapping up the unit.

Tonight, we take a look at Citi’s local consumer operations and what a sale would mean for the bank’s Aussie footprint.

Meanwhile, we reveal which pension fund giant is back for another bite at Trans-Tasman wind farm owner Tilt Renewables.

And finally, Aussie-owned investment manager Quintet Yorkway is out raising for a new credit fund. We’ve got the details.

Happy reading,
Sarah Thompson, Anthony Macdonald and Tim Boyd
Street Talk Editors