Business
Commonwealth Bank announces major sale of Chinese insurance business – NEWS.com.au
Commonwealth Bank announces major sale of Chinese insurance business
Commonwealth Bank has sold its major stake in a Chinese insurance company as part of its wider divestment overhaul from wealth and insurance businesses. The country’s largest bank on Wednesday announced it had been granted approval by the China Banking and Insurance Regulatory Commission to sell its 37.5 per cent share in BoCommLife to MS&AD Insurance for $886 million.
Its decision to bow out of the Chinese insurance market is the latest divestment by CBA, which is seeking to simplify its operations…
-
Noosa News23 hours agoOnly person charged over Spear Creek murders admits he lied to police
-
General10 hours agoMultiple people missing after house fire in Toolooa, Gladstone
-
General11 hours agoCopper Coast Council threatens ratepayer with legal action over ‘offensive’ comment
-
General23 hours agoSouth Sydney Rabbitohs player Tyrone Munro charged with domestic violence offences