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ANZ could shelve its wealth unit sale until “the price and timing are right”

Given that the bank is now seen to be adequately capitalised, the need for ANZ to offload its domestic wealth unit may not be as pressing as before, according to Omkar Joshi, a Sydney-based portfolio manager at Regal Funds Management. ANZ said last week that it is talking to “a number of parties” in relation to the sale of its…

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