ANZSuncorp

The competition watchdog is seeking more information on ANZ Bank’s plan to buy Suncorp’s banking unit for $4.9 billion, saying that it remains unconvinced the deal will deliver the public benefits claims put forward by the banking giant.The…

Bank of Queensland is expected to warn that ANZ’s planned $4.9 billion purchase of Suncorp’s bank will further entrench the major bank oligopoly in Australia, by removing a regional bank from the market.As the Australian Competition and…

Normal text sizeLarger text sizeVery large text sizeWhen ANZ Bank chief executive Shayne Elliott floated the prospect of buying Suncorp’s bank with his board, it didn’t take long to sell the merits of the deal.As he unveiled the $4.9…