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Mergers and Acquisitions

M&A

26 June 2018 • By Tim Stewart • 1 min read

CBA shares slide as demerger announced

Commonwealth Bank shares were down sharply yesterday following the bank's decision to demerge its wealth management and mortgage broking divisions

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ANZ offloads PNG retail bank for $10m

ANZ has announced the sale of its retail, commercial and SME banking business in Papua New Guinea to Kina Bank in its latest divestment of Asian ...

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CBA to demerge wealth and mortgage broking

The Commonwealth Bank has announced it will demerge its wealth management and mortgage broking businesses, creating a new entity named CFS Group

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Linchpin to merge with AD, list on ASX

Linchpin Capital, the parent company of two dealer groups that authorise 300 advisers, will commence an initial public offering after merging with ...

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Aviva sells RE multi-manager business

Aviva Investors has sold its real estate multi-manager business and its interest in European property fund Encore+ to LaSalle Investment Management

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Macquarie reduces stake in Yellow Brick Road

Macquarie has reduced its stake in financial services firm Yellow Brick Road from 18 per cent to 5 per cent. Yellow Brick Road revealed in a ...

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Deutsche bullish on wealth management

The announcement of 7,000 job cuts and a significant financial loss will not deter Deutsche Bank from its global strategy to increase its wealth ...

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Macquarie restructures to target HNWs

Macquarie will merge its private bank and private wealth divisions as part of a renewed focus on high-net-worth clients, resulting in some advisers ...

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NAB reveals post-sale MLC strategy

NAB will continue to refer its clients to MLC advisers once the wealth management business is divested via public sale, says chief customer officer ...

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NAB confirms MLC sale

NAB has confirmed it will exit its wealth management businesses operating under the MLC brands by the end of the 2019 calendar year. In its ...

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