ACCC backs a merger of Suncorp, Bendigo
The consumer watchdog has supported a regional bank merger rather than the troubled $4.9bn tie-up between Suncorp and ANZ.
Anz Bank
ASX 200 lifts; Fortescue at record high
Rio Tinto shares at highest since July 2021. NAB, CBA and ANZ see weak December for retail spending. Sigma investors back Chemist Warehouse merger. Markets await US Federal Reserve rate call.
ANZ-Suncorp deal to entrench big bank power
Australia’s competition watchdog says ANZ’s planned $4.9bn takeover of Suncorp Bank would entrench the already dominant power of the major banks in home lending.
Tech rally lifts ASX 200 to 3-month high
Markets await key US inflation data. Elders, Rural Bank end agribusiness loan deal. Business conditions, confidence fade as consumer sentiment stays weak. China lifts Aussie beef ban for 3 abattoirs.
Activists slam banks over Santos support
ANZ and Westpac may face shareholder ire at their AGMs after Market Forces pointed the finger at the banks for their continued support of gas projects through bond programs.
ANZ fined just $900k over shares disclosure failure
The Federal Court has fined banking giant ANZ just $900,000 over a case brought by ASIC that it failed to disclose to the market a share placement had fallen $790m short.
ASX 200 ends at 11-week high; Santos lifts
Investors pile into Santos amid $80bn merger talks; Woodside dips. ANZ’s $900,000 penalty for disclosure failure. Sigma suspends trading amid Chemist Warehouse talks. Chalmers-RBA deal may bring rate hikes.
Tribunal hears ANZ, Suncorp deal no threat to competition
Lawyers for ANZ and Suncorp on Tuesday told a tribunal hearing the ACCC rejected a deal which would not undermine competition in the banking sector.
ANZ rips into ACCC over Suncorp rejection
ANZ has fired its opening salvo in a Sydney courtroom at the ACCC’s decision to kybosh its $4.9bn deal to buy Suncorp Bank.
ASX rises; Origin takeover vote fails
The ASX 200 closes at 10-week high amid gold, US market strength. Origin shareholders reject takeover. ANZ fires salvo at ACCC over Suncorp deal decision. Metcash jumps on earnings update.
‘We weren’t giving up’: ANZ walks new road into Asia
After years of pulling apart ANZ’s much-maligned international franchise, Shayne Elliott is quietly rebuilding a new pan-Asian bank. But this time he’s doing it his way.
D-Day for Suncorp deal as tribunal challenge begins
It’s make or break time for ANZ’s plan to buy Suncorp Bank, with the Australian Competition Tribunal meeting this week to decide the fate of the $4.9bn dollar deal.
‘Big spending’ means years of rate pain to come
ANZ boss Shayne Elliott has warned that Australia must prepare for higher-for-longer interest rates, with baked-in government spending pressures set to make inflation sticky.
ACCC airs concerns at dominance of big four banks
As a hearing into the ACCC’s rejection of ANZ’s takeover of Suncorp approaches, the regulator has criticised the dominant position of the big banks.
Jarden-JBWere closer to merger deal
Further details are filtering out about Jarden’s plans to create a wealth management powerhouse across the Tasman to turbocharge its ANZ investment banking arm.
ANZ staff face bonus cuts for not going to office
ANZ managers are warning staff their reluctance to return to their office desks could hurt their bonuses.
Home loan refinancing via phone app to cut ANZ costs
Dozens of customers have already refinanced their home loans via the new ANZ Plus app on their phones which could help the banking giant cut its current cost base.
Brokers’ verdict: a hit and a miss
Clinuvel Pharmaceuticals and ANZ have been under brokers’ microscopes. One has been given a series of ticks, the other … not so much.
CBA won’t be rushed into offering better deals
Matt Comyn says the largest of the big four lenders it’s not in a rush to offer better deals to customers, even though it is losing market share.
Home loans ‘now only for the rich’, ANZ boss warns
Shayne Elliott sounds a warning on the Australian dream, as former treasurer Peter Costello says runaway migration had worsened the affordability crisis.
Original URL: https://www.theaustralian.com.au/topics/anz-bank/page/13