Suncorp Group is making a fresh push to spin off or sell its banking unit and focus on its larger and arguably more valuable insurance arm, in an attempt to boost returns for shareholders.
In a move that would bring Suncorp into line with Australia’s other big banks, the company’s board and management team has been assessing options to split the group’s banking and insurance arms and disband its long-held “D” model.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
