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Top related persons:
Steve Johnston - 2 Lucy Craymer - 2 Mick Keogh - 2 Himanshi - 2 Shayne Elliott - 1 Gina Cass - 1 Gottlieb - 1 Jim Chalmers - 1
Top related locs:
Bengaluru Lambton Quay Wellington , New Zealand Melbourne Sydney Queensland
Top related orgs:
ANZ - 6 Suncorp - 4 Suncorp Bank - 3 Australian Competition - 3 Consumer Commission - 3 Thomson - 3 ANZ Bank - 2 REUTERS - 2

Search resuls for: "Suncorp Bank"


6 mentions found


☆ Suncorp CEO is 'very confident' in the company's future as a pure-play insurer post ANZ deal
  + stars: | 2024-02-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSuncorp CEO is 'very confident' in the company's future as a pure-play insurer post ANZ dealSteve Johnston, Suncorp's Group CEO, says the company still has "work to do" to close the ANZ-Suncorp bank deal but remains confident it will succeed.
Persons: Steve Johnston Organizations: Suncorp, ANZ, Suncorp's
☆ ANZ CEO says Suncorp Bank acquisition is 'important but not critical' to the group
  + stars: | 2023-11-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailANZ CEO says Suncorp Bank acquisition is 'important but not critical' to the groupShayne Elliott, CEO of ANZ says the bank's strength is coming from its international diversification, adding that the proposed acquisition of Suncorp Bank would be "exciting" for its Australian retail banking division.
Persons: Shayne Elliott Organizations: ANZ, Suncorp Bank
☆ Suncorp Group CEO on the future of the ANZ-Suncorp Bank deal
  + stars: | 2023-08-09 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSuncorp Group CEO: 'very confident' that the ANZ-Suncorp Bank deal will succeedSteve Johnston, CEO of Suncorp Group says that inflation has been a big issue for the insurance industry and remains fully committed to the ANZ-Suncorp Bank deal.
Persons: Steve Johnston Organizations: Suncorp, ANZ, Suncorp Bank, Suncorp Group
☆ Australia regulator blocks $3.2 bln ANZ-Suncorp bank deal
  + stars: | 2023-08-04 | by ( Byron Kaye Himanshi Akhand | Byron Kaye | Himanshi Akhand | ) www.reuters.com   time to read: +3 min
The logo of the ANZ Bank is seen at Lambton Quay, in Wellington, New Zealand November 10, 2022. "A substantial lessening of competition in home loans would have major flow-on impacts to Australians with a mortgage," he added. The companies said they would seek a review of the determination at the Australian Competition Tribunal, an offshoot of the federal court which oversees takeover rulings. Taking the deal to the competition tribunal would delay its completion to mid-2024, if the tribunal approved it, from the late 2023 timeline the companies gave when they announced it a year ago. The ANZ-Suncorp deal also needs sign-off from Treasurer Jim Chalmers who declined to comment.
Persons: Lucy Craymer, Mick Keogh, Gina Cass, Gottlieb, Jim Chalmers, Byron Kaye, Himanshi, Stephen Coates Organizations: ANZ Bank, REUTERS, ANZ, Suncorp, ANZ Group, Australian Competition, Consumer Commission, Australian Competition Tribunal, Citi, Telstra, TPG Telcom, Thomson Locations: Lambton Quay, Wellington , New Zealand, Melbourne, Sydney, Bengaluru
☆ Australian competition regulator rejects $3.2 bln ANZ-Suncorp Bank deal
  + stars: | 2023-08-04 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Lucy CraymerAug 4 (Reuters) - Australia's competition regulator said on Friday it had denied authorisation for ANZ Group Holdings (ANZ.AX) to proceed with its proposed A$4.9 billion ($3.21 billion) acquisition of Suncorp Group's banking arm. The Australian Competition and Consumer Commission (ACCC) said it was not satisfied that the acquisition would not lessen competition in the supply of home loans to Australian customers. "Evidence we obtained strongly indicates that the major banks consider the second-tier banks to be a competitive threat," ACCC Deputy Chair Mick Keogh said in a statement. Keogh said the proposed acquisition would further "entrench an oligopoly" structure, with the country's four major banks dominating. "We believe the acquisition will improve competition, which will benefit Australian consumers, particularly in Queensland," ANZ said in a statement, noting that the ACCC's decision can be reviewed by the independent Australian Competition Tribunal.
Persons: Lucy Craymer, Mick Keogh, Keogh, Himanshi, Shri Navaratnam, Subhranshu Organizations: ANZ Bank, REUTERS, ANZ Group Holdings, Suncorp, Australian Competition, Consumer Commission, ANZ, Australian Competition Tribunal, Thomson Locations: Lambton Quay, Wellington , New Zealand, Melbourne, Queensland, Bengaluru
☆ Aussie competition regulator delays decision on ANZ's $3.3 bln Suncorp Bank buy
  + stars: | 2023-07-24 | by ( ) www.reuters.com   time to read: +1 min
July 24 (Reuters) - Australia's competition regulator on Monday said it has delayed its decision on ANZ Group Holdings' (ANZ.AX) proposed A$4.9 billion ($3.30 billion) acquisition of Suncorp Bank (SUN.AX) by a week to August 4, and has requested a further extension of one week. "It is important that the ACCC has the opportunity to meaningfully consider the new information provided by ANZ and take it into account in its decision making," the regulator said. ANZ, the country's fourth-largest bank, in its response on Friday consented to an extension till August 4. This is the second time the regulator has sought an extension to its decision after the original deadline of mid-June was extended to late July. ($1 = 1.4865 Australian dollars)Reporting by Sameer Manekar in Bengaluru; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.
Persons: Sameer Manekar, Varun Organizations: ANZ Group Holdings, Suncorp Bank, Australian Competition, Consumer Commission, ANZ, ACCC, Reuters, Thomson Locations: Bengaluru
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