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CBA to close institutional equities after alliance with Goldman

2015-12-07 09:38:16| Automakers - Topix.net

Commonwealth Bank of Australia will shut down its institutional equities business, after announcing on Monday a strategic alliance with investment bank Goldman Sachs, which will provide CommSec and CBA private banking clients with investment research and access to equity capital market deals. CBA suggested the "wind-down" of its institutional equities team could result in job losses.

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