CBA has put the $4 billion spin-off of its wealth management and mortgage broking business on hold indefinitely to deal with the fallout from the banking royal commission.CBA has spent $1.2b on remediation, including $600 million in refunds, in the wealth and mortgage broking businesses
"CBA is prioritising the implementation of these recommendations, refunding customers and remediating past issues," the bank said in the statement. "CBA remains committed to its strategy to become a simpler better bank, including ultimately the exit of its wealth management and mortgage broking businesses."The bulk of this, or $1.2 billion, has been in the wealth business.
SabraLane Yeah sure! $5 says it never happens.
Glass - Stegall break up the BIG 4 banks now and disband their corrupt regulators.
Weird how banking stocks went up after the royal commission
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