- A Royal Commission into the Financial sector uncovered damning practices by AMP Capital.
- The company responded with a plan to restructure its operations into two entities.
- A class action suit filed against AMP Capital has now been settled.
Diversified financial services provider AMP Limited (ASX: AMP) saw its share price embark on a steady decline as investors reacted to the negative findings of the Royal Commission inquiry into the banking and financial services sector led by Kenneth Hayne.
Source: ASX
AMP has operated for over a century as a provider of traditional banking services such as mortgages, loans and deposits. It also offered financial advice and investment services for clients. The company had a massive network of inde…
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