Suncorp reports profits fall.
BANKING AND CREDIT NEWS-August 7, 2019--Suncorp reports profits fall
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Global Banking News - 07 August 2019
Australia-based insurance provider, Suncorp Group Ltd (SUN: ASE) has announced that its profits have dropped.
The firm also announced a change in strategy as profits dropped. The firm said that it would no longer have its digital marketplace as a core strategy. CEO Steve Johnston said the marketplace is 'too ambitious relative to where our business is at and the funds we have available to invest.'
The company also said that Pip Marlow, who is running its digital marketplace strategy, would leave the company at the end of August. Through...
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