AMP and ANZ bank are reported to be looking at a $A4 billion tie-up.
The deal is believed to involve the bank taking a significant stake in AMP in exchange for its wealth management business.
But The Age newspaper in Melbourne reports the proposal has not been discussed at board level and there have been no official discussions between AMP and ANZ.
It's reported the proposal, which would give ANZ roughly 30% of AMP, is Plan B, after National Australia Bank trumped AMP's $A11.6 billion bid for AXA Asia Pacific.
