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CBA sells asset management business to Japanese bank in $4.1b deal

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Commonwealth Bank is selling its Colonial First State Global Asset Management business to a major Japanese bank for $4.1 billion

 

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CBA backtracked on mortgage broker plan for fear of losing market share, royal commission toldCommonwealth Bank boss Matt Comyn says the bank was a week away from scrapping commissions paid to mortgage brokers but ditched the plan for fears it would decrease its share of the home loan market. Senior bank executives guilty of any crimes should be jailed. That is the only way banks will get the message.
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