MIA bankers: ANZ investigating work-from-home hold outs
About 100 ANZ bankers haven’t worked in the office for years a review has found, in a sign that it’s not just CBA struggling to lure staff back to their buildings.
About 100 ANZ bankers haven’t worked in the office for years a review has found, in a sign that it’s not just CBA struggling to lure staff back to their buildings.
Analysts have tipped ANZ will raise its returns to investors when it reports its full-year results in November.
ANZ risks engaging in greenwashing and ranks last among Australian banks in meeting net zero commitments, the Australian Conservation Foundation says.
In the wake of last week’s ACCC Suncorp rejection, the ANZ argues that the strength of Commonwealth Bank reinforces its need to build scale.
The ACCC’s decision to reject the $4.9bn sale of Suncorp bank to ANZ has sparked criticism the competition watchdog is not in touch with the Queensland market.
Lake Resources rockets ahead of key address. Downer dumped after FY23 loss. Boral sees strong turnaround. Ansell faces class action. Cettire rallies on demand outlook.
Accepting ANZ’s $4.9bn offer is a good deal for Suncorp shareholders and if there were a business case for a merger with another regional bank it would have happened by now.
The banking and insurance group has hinted about costs concerns involving its bank transaction, leaving investor returns at their low end.
The ACCC decision to black ANZ’s acquisition of Suncorp bank is an embarrassingly awful decision – reflecting gross regulatory ineptitude and an inability to understand the law.
New ACCC documents reveal conflicting evidence about a potential merger between Suncorp’s lending unit and Bendigo Bank.
The competition regulator faces its own credibility test after rushing to embrace an unseen force to block ANZ’s $4.9bn Suncorp deal.
Former competition tsar Allan Fels has backed the ACCC’s decision to oppose ANZ’s $4.9bn purchase of Suncorp Bank, but analysts say the deal could win approval on appeal.
Suncorp insiders are appalled by the failure to offload its banking business to ANZ and believe the Queensland financial giant will shoulder a hefty cost.
The failure of ANZ to secure approval from the ACCC over the sale of Suncorp Bank poses legacy questions for the two big bosses behind the deal.
The dice was loaded against ANZ the moment it applied for an authorisation from the ACCC because it had to prove the merger with Suncorp wouldn’t reduce competition.
The competition watchdog decided it wanted to reject Anz’s takeover of Suncorp bank from the start and has spent six months trying to find reasons to back its decision.
ANZ’s $4.9bn offer to take over Suncorp Bank has been blocked by the ACCC, in a move set to deprive Queensland of billions of dollars in the lead up to the 2032 Olympics.
The rejection of ANZ’s bid for Suncorp’s bank could pave the way for Bendigo and Adelaide Bank as a potential preferred option, but investors see several hurdles ahead.
ANZ and Suncorp say they will challenge the ACCC’s decision to block the $4.9bn buyout of the Queensland lender, flagging plans to continue their preparations.
Haunted by its approval of the St George buyout, the regulator signals the era of major bank mergers is over.
Original URL: https://www.theaustralian.com.au/topics/anz-bank/page/16