Australian Banking Giant Disappointed by Wealth Management Performance

Australian banking group ANZ’s return on equity from its wealth management subsidiary, ING Australia, has not met the hurdle rate set for it, according to ANZ chief executive, John McFarlane. ANZ’s....

Click to view the full article


By: Stephen Harris
October 27, 2006
Australian banking group ANZ’s return on equity from its wealth management subsidiary, ING Australia, has not met the hurdle rate set for it, according to ANZ chief executive, John McFarlane. ANZ’s....