Commonwealth Bank of Australia continues to sell businesses to focus on banking. Photo: Reuters Commonwealth Bank of Australia continues to sell businesses to focus on banking. Photo: Reuters
Commonwealth Bank of Australia continues to sell businesses to focus on banking. Photo: Reuters

KKR to buy controlling stake in Commonwealth Bank of Australia’s wealth management business

  • Sale of 55 per cent stake in Colonial First State latest retreat by Australian lender from wealth management following misconduct scandals
  • Commonwealth Bank sold its Colonial asset management unit last year to Japan’s Mitsubishi UFJ Trust and Banking Corporation

Topic |   Banking & Finance
Commonwealth Bank of Australia continues to sell businesses to focus on banking. Photo: Reuters Commonwealth Bank of Australia continues to sell businesses to focus on banking. Photo: Reuters
Commonwealth Bank of Australia continues to sell businesses to focus on banking. Photo: Reuters
READ FULL ARTICLE