Australia & New Zealand Banking Group Finalises Sale of Six Asian Retail and Wealth Businesses

ANZ today advised it has finalised the sale of its previously announced six retail and wealth businesses in Asia, allowing it to further focus on institutional and large corporate customers moving goods and capital across the region. Originally announced in … Continue reading Australia & New Zealand Banking Group Finalises Sale of Six Asian Retail and Wealth Businesses

Suncorp Bank Provides Australian Prudential Standard 330 Update

Suncorp today provided its quarterly update as at 30 September 2017, as required under Australian Prudential Standard 330. Total lending grew 2.4% over the quarter, primarily due to strong home lending supported by improved capability, simplified processes and improved retention. … Continue reading Suncorp Bank Provides Australian Prudential Standard 330 Update

Australia & New Zealand Banking Group Announces ASIC Agree In-Principle Settlement Over BBSW Case

ANZ today announced it has reached a confidential in-principle agreement with the Australian Securities and Investments Commission (ASIC) to settle court action relating to the Australian interbank BBSW market. As a result, this morning ASIC has asked the Court to … Continue reading Australia & New Zealand Banking Group Announces ASIC Agree In-Principle Settlement Over BBSW Case

Australia & New Zealand Banking Group Announces Board Changes and Chairman Appointment

ANZ today announced the Chair of ANZ New Zealand John Judge will be retiring from its Board of Directors in January 2018. Mr Judge has been on the ANZ New Zealand Board since 22 December 2008 and has been Chair … Continue reading Australia & New Zealand Banking Group Announces Board Changes and Chairman Appointment

Commonwealth Bank of Australia Announces Strategic Review of Options for CFSGAM, Including IPO

Commonwealth Bank of Australia (ASX:CBA) announces that it is undertaking a strategic review of its global asset management business, Colonial First State Global Asset Management (“CFSGAM”), also known outside of Australia as First State Investments (“FSI”). CFSGAM is a global, … Continue reading Commonwealth Bank of Australia Announces Strategic Review of Options for CFSGAM, Including IPO

Commonwealth Bank of Australia Announces Divestment of Australian and NZ Life Insurance Businesses

Commonwealth Bank today announced the sale of 100% of its life insurance businesses in Australia (“CommInsure Life”) and New Zealand (“Sovereign”) to AIA Group Limited (“AIA”) for $3.8 billion (the “Transaction”). The sale agreement also includes a 20-year partnership with … Continue reading Commonwealth Bank of Australia Announces Divestment of Australian and NZ Life Insurance Businesses