CommBank still to reveal detail of debt changes following markets "refinement"

The reorganisation of Commonwealth Bank of Australia (CommBank)'s debt operations appears to be ongoing, with the bank refusing to disclose full details of the changes before internal discussions have been completed. The key feature of the reorganisation for CommBank's debt business is the alignment of DCM origination with other debt origination as part of the bank's corporate finance business, thus separating origination from DCM syndication and sales – which join fixed income trading under the markets banner.