https://www.2gb.com/very-strange-decision-cba-backs-down-from-plans-to-sell-its-wealth-business/
Interesting, first they spin off mortgages and wealth manage and then they change their minds.
Off course they do..........
Why would you get rid off all the backend and start again. Wealth management and mortgages make the money.
No Glass Steagle in Australia and it probably wont be introduced.
Instead off killing the golden goose, the board will act contrite, compensate all agrieved, crank up the charm offensive with deference to the royal commission.
Wait for the Combank ads with happy customers and puppies and new kitchens.
Business as usual albeit with microscopes on govenance.
I'm in.
$62 whenever it happens - maybe maybe not, page-308
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