Selling its banking operations could deliver a windfall for Suncorp shareholders. But it is strange to sell in the worst banking cycle in more than a decade.
Why has the board picked the toughest time in banking since the global financial crisis to sell the bank? What will the sale of the bank mean for Suncorp’s medium- to long-term earnings? What will the board do with the estimated $5 billion in capital raised from the sale?
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
