Westpac
Westpac sells life insurance business for A$900m
While NAB buys Citigroup’s private wealth management arm
Westpac sells New Zealand life insurance business
As it enters into a 15-year distribution agreement
Banking giant settles class action for A$30m
After it was accused of ‘unfairly overcharging’ clients for life insurance products
Westpac loses high court appeal over superannuation sales case
Decision provides ‘clear guidance’ on selling products ‘through direct approaches to retail clients’
Westpac to sell New Zealand wealth advisory business
But bank says it will still serve customers with large investment portfolios for their lending needs