AMP's planned biz overhaul hits barrier as $2.3b life unit sale collapses

AMP's planned biz overhaul hits barrier as $2.3b life unit sale collapses

Australian wealth manager AMP Ltd.’s planned overhaul of its scandal-hit business is in tatters after the A$3.3 billion ($2.3 billion) sale of its life unit collapsed. The shares sank to a record low.