Daily Dispatches: ANZ sells custodian services to JP Morgan

ANZ said today it has struck a deal to sell its custodian services business in Australia and New Zealand to JPMorgan. (Sydney Morning Herald)

ANZ is crunching the numbers on the Australian and New Zealand operations of insurance and investments group AXA Asia Pacific. And the bank's chief executive Mike Smith is facing a raft of challenges, including an expensive rebranding of his ING wealth business and a big technology spend to upgrade back office systems and investment platforms. ( Daily Telegraph)

Commonwealth Bank has become the second bank in as many weeks to take advantage of the Federal Government's wholesale funding guarantee to raise funds. (The Age)

Macquarie Group's equities broking unit in Hong Kong today said it had appointed Jeremy Kloiser-Jones to the new role of Asia head of structuring and derivatives solutions. (The Australian)