Mergers & Acquisitions

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 A...

by Jessica Yun

more stories

  • 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 G...

    by Reporter
  • 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 mergin...

    by Tim Stewart & Aleks Vickovich
  • 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 Man...

    by Tim Stewart
  • 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. ...

    by Tas Bindi
  • 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 we...

    by Aleks Vickovich
  • 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 a...

    by Tim Stewart
  • 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 ...

    by Tim Stewart
  • 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. ...

    by Reporter
  • Royal commission hears NAB sale ambitions

    Evidence tabled before the royal commission has confirmed that the National Australia Bank is considering selling its financial advice asset...

    by Aleks Vickovich


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