Banks Furious, Locked out of RC readings., page-37

Its a matter of public record CBA plans to spin of there financial planning business, they are not going to let them wither on the vine and take a balance sheet hit of $Billions, just one business alone they paid $9 billion (Colonial First State) so there is no way they are not going to extract as much money as possible for those assets
Following is one such article:disallowed/business/banking-and-finance/cba-to-spin-off-wealth-management-and-mortgage-broking-arm-20180625-p4zni4.html"Macquarie analsysts estimated the new company, to be known as CFS Group, would be worth between $6.5 and $10 billion, making it one of the biggest wealth firms in Australia.
CBA plans to  create a new sharemarket-listed company to house its superannuation, financial advice, funds management and mortgage broking businesses that produce $500 million-a-year in profits."
At that time CBA said they would continue to employ the 460 salaried financial advisers who work in its Commonwealth Financial Planning arm but with the RC?