Daily Dispatches: CBA eyes up Lloyds

CBA is reportedly in the running to buy a sizeable part of Lloyds Banking Group's fund management arm. The firm is one of several parties casting an eye over Insight Investment Management's third-party fund business ahead of this week's deadline for first-round bids. (The Australian)

A parliamentary inquiry says it will call up the heads of CBA and ANZ, if it helps explain their firms' involvement in the Storm and Opes Prime collapses. (Sydney Morning Herald)

PIS restructures reporting lines amid cost cuts. (Investor Daily)

Banks may not pass on rate cuts, warns broker. (The Age)

Queensland payroll tax costs jobs. (Courier Mail)