Business
Ares talks AMP Bank with Macquarie Group – The Australian Financial Review
American financial services firm Ares Investment Management has tapped Macquarie Group for talks about a combined effort to acquire AMP Ltd.
The big question for Macquarie, Ares and other interested parties, is how AMP Bank would fare if separated from the wider AMP Ltd group and its Australian wealth management business in particular.
AMP chief executive Francesco De Ferrari is due to front investors at the companys annual financial result next month. Peter Braig
AMP Bank had $17 billion in deposits and a $20.6 billion loan book as at September 30, according to the groups disclosures to shareholders. Macquaries banking and financial…
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