Login or request a free trial

Briefs: Suncorp life insurance bid, ASIC bans broker

Dai-ichi Life may be a front runner to buy Suncorp's life insurance unit. Dai-ichi "which has wavered in the process several times over the past year, submitted a workable final offer pegged at about $800 million," the Financial Review reports. Also rans include Nippon, Fosun International and American International Group. ASIC says Perth man Peter Lachlan McDonald "has been sentenced in the Perth Magistrates' Court to 21 months' imprisonment following an investigation by ASIC into his brokering of motor vehicle finance contracts while an employee of Get Approved Finance."

I'm a returning subscriber

Password reset
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day