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Australian ombudsman bars ANZ bank's acquisition of Suncorp

News | Online & Mobile Banking | 04 Aug 2023

Australia’s competition regulator has blocked a USD 3.2 billion buyout planned by ANZ Group of insurer Suncorp’s banking arm.

regulation, acquisition, banks, lending, insurance

ANZ to buy Suncorp's banking arm

News | Payments General | 22 Jul 2022

Australia-based lender ANZ has agreed to a USD 3.3 billion deal to acquire insurer Suncorp’s banking arm in a bid to boost the size of its mortgage book.

acquisition, central bank, banks