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ANZ to sell its Australia wealth, insurance business

Bank posts its weakest profit in five years and warns that a soft jobs market could crimp growth
Friday, November 4, 2016 - 05:50

Sydney

AUSTRALIA and New Zealand Banking Group (ANZ) on Thursday said it will sell its Australian insurance and wealth division to raise cash, as it posted its weakest profit in five years and warned that a soft jobs market could crimp growth.

Coming on top of a decision to shrink

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