ANZ Banking Group's divestment spree is far from over, with another business unit understood to be facing the chop. 
Street Talk can reveal the soon-to-be re-named online broking unit E*TRADE Australia has been earmarked for a potential sale. It joins assets such as New Zealand finance company UDC, and stakes in Asian-based banks, including Shanghai Rural Commercial Bank, Malaysia's AmBank, and Indonesia's Panin Bank.
Street Talk on Monday revealed ANZ's plans to re-badge E*TRADE to ANZ Share Investing. The new name, along with other changes in the unit, are understood to form part of plans to eventually sell E*TRADE.
E*TRADE Australia posted net profit of $24.1 million in the year ended   September 30, a dip from $24.8 million in the prior corresponding year, accounts lodged with the corporate regulator show. The unit acquired HSBC's local online broking arm in 2006.
It is the second largest online broker behind CommSec in terms of market share. Based on an earnings before interest, tax, depreciation and amortisation multiple of seven times, the unit may fetch more than $250 million.
Shayne Elliott, who took the reins as ANZ chief executive in   January, has run a fine-tooth comb over ANZ's local and Asian business units.
He has already announced an overhaul in the bank's wealth division, which has also been tipped as a medium-term divestment candidate.
Elsewhere, ASX-listed Pepper Group's interest in Western Australia's Keystart loan book is understood to have waned ahead of a bidder shortlist being outlined later this week.