[The Wrap] Slow change coming

One of the biggest stories of the year has been the demise of AMP. Once a giant of financial services the business will end up in the scrap yard and be broken up unless a buyer is found.

Already the life business, which AMP was built on has closed and, assuming Resolution Capital can do the deal, it will be put into a gradual wind down mode.

Word on the street is that a number of businesses have shown interest in the remaining bits of AMP. One of those is Kiwibank. It's shareholders have deep pockets and there is sense in growing the business so it can better compete with its big-Australian owned peers.

Booster too, has shown interest. But AMP maybe too big of a fish to swallow.