Wealth and Asset Management
AMP announces $500m buyback as wealth division leads to $344m annual loss
Financial services giant AMP said its full-year underlying profit slumped by $634 million, or 56.6 per cent, after efforts were made last year to stabilise its ailing life insurance business. The result, unveiled on Thursday morning, showed underlying profit of $486 million in the 12 months ended December 31, down…
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Click here to read the full story: Australian Financial Review