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ANZ planning to sell Australian wealth business

ANZ has announced its intention to sell its Australian wealth business in the company’s full year report, following an 18 per cent decline in the wealth business’ cash profits.

ANZ planning to sell Australian wealth business
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The bank today revealed that a strategic review of its wealth businesses in Australia and New Zealand concluded that while the distribution of high wealth products and services should remain a core component of the group’s overall customer proposition, the bank "does not need to be a manufacturer of life and investments products".

Read the full story at InvestorDaily.

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