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Commonwealth Bank of Australia (CBA.AX)

CBA.AX on Australia Stock Exchange

76.62AUD
22 Sep 2017
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$0.55 (+0.72%)
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BRIEF-RBS CEO denies interest in running Commonwealth Bank of Australia

* RBS chief executive Ross McEwan told LBC radio he is not interested in running Commonwealth Bank of Australia after media reports linked him to the role

Fitch: CBA's Life-Insurance Business Sale Supports Credit Profile

(The following statement was released by the rating agency) SYDNEY, September 22 (Fitch) The sale of the Commonwealth Bank of Australia's (CBA; AA-/Stable) life insurance businesses, announced this week, will support the bank's credit profile by improving its capital position and bolstering the bank's resilience to downturns, but will not immediately affect its ratings, says Fitch Ratings. Also announced, the CBA is reviewing options for its global asset management business, which may include an

UPDATE 3-Australia's CBA to sell insurance unit to AIA Group for $3 bln

* CBA's $3.05 bln asset sale follows NAB's life insurance sale

Australia's CBA to sell life insurance unit to AIA Group for $3 billion

SYDNEY Commonwealth Bank of Australia said on Thursday it had agreed to sell its life insurance arm to Hong Kong's AIA Group Ltd for $3.05 billion, in the biggest Asian buyout of an Australian financial services firm.

BRIEF-AIA Group ‍to acquire Commonwealth Bank of Australia's life insurance unit

* ‍To acquire Commonwealth Bank of Australia's life insurance businesses in Australia and New Zealand​ for A$3.80 billion

Australia's CBA to sell life insurance unit to AIA Group for $3.05 bln

Sept 21 Australia's biggest lender Commonwealth Bank of Australia said on Thursday it would sell its life insurance unit to China's AIA Group Ltd for A$3.8 billion ($3.05 billion).

BRIEF-Commonwealth Bank of Australia announces strategic review of asset management business

* Undertaking a strategic review of its global asset management business, Colonial First State Global Asset Management

AIA close to buying Commonwealth Bank of Australia's $4 billion insurance unit: sources

HONG KONG Hong Kong-based insurer AIA Group Ltd is close to acquiring Commonwealth Bank of Australia's (CBA) insurance business which is likely to be valued at nearly $4 billion, two people with direct knowledge of the matter said.

UPDATE 1-AIA close to buying Commonwealth Bank of Australia's $4 bln insurance unit -sources

* AIA, CBA declined to comment (Adds background, context of sale)

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