AMP CFO Georgeson on Earnings, Capital Returns, Strategy

The transcript covers a discussion on capital returns, including buybacks and future sales timelines. It addresses the bank's value, strategic focus, and the impact of high deposit costs. The conversation also touches on wealth outflows, growth plans, and the valuation of the bank in light of market conditions. Additionally, it reflects on the Collimate sale and the timing of market conditions, emphasizing the importance of maximizing shareholder value.

What are the reasons provided for not issuing dividends despite a capital surplus?

What is the expected timeline for the completion of the two residual sales mentioned?

How does the company plan to address the high deposit costs affecting their results?

What factors are influencing the company's decision to retain or sell the bank?

What improvements have been observed in the wealth net cash outflows?

What was the rationale behind the sale of Collimate, and how does the company view its value?

What are the anticipated challenges for private equity in the current market conditions?