SUNCORP has cleaved off a massive remnant of a tattered part of its banking arm, saying the $1.6 billion move will help rid a distraction from the Queensland-based financial giant. It has obtained 60c ...

Suncorp is still tipped to reward shareholders with a special dividend later this year, despite a looming hit to earnings from a deal to offload $1.6 billion of bad loans.

Suncorp is a well-capitalized financial services business with a dominant market position in the Australian and New Zealand general insurance industry. In addition to offering insurance under the ...