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Top related persons:
Lucy Craymer - 2 Roushni Nair - 2 Steven Saphore - 2 John Biju - 2 Dhanya Ann Thoppil - 2 Steve Johnston - 2 Azib Khan - 1 Rishav Chatterjee - 1
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Bengaluru Australia Lambton Quay Wellington , New Zealand Sydney Melbourne Queensland New
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ANZ - 5 Thomson - 5 REUTERS - 4 Suncorp - 4 Suncorp Group - 3 Australian Competition - 3 Consumer Commission - 3 Australian Competition Tribunal - 3

Search resuls for: "Suncorp Group"


8 mentions found


☆ Australia's ANZ sinks as record annual profit falls short of market forecasts
  + stars: | 2023-11-12 | by ( Rishav Chatterjee | ) www.reuters.com   time to read: +2 min
The logo of the ANZ Bank is seen at Lambton Quay, in Wellington, New Zealand November 10, 2022. The banking group's Aussie commercial business recorded 11% revenue growth over the year with lending rising to record high of A$62 billion. ANZ intends to expand its commercial business with focus on its currency and payment sites while reducing costs, it said. ANZ declared a final dividend of 94 Australian cents apiece, up from 74 Australian cents apiece announced a year ago. ANZ, however flagged that the external environment will likely remain challenging adding that higher interest rates will impact economic activity as it sees "another year of cost-of-living pressures."
Persons: Lucy Craymer, Azib Khan, Rishav Chatterjee, Roushni Nair, Grant McCool, Lisa Shumaker Organizations: ANZ Bank, REUTERS, ANZ, Citi, P Capital, Suncorp, Thomson Locations: Lambton Quay, Wellington , New Zealand, Australia, Bengaluru
☆ Australia's ANZ Group and Suncorp seek review of $3.2 bln deal block
  + stars: | 2023-08-25 | by ( ) www.reuters.com   time to read: +1 min
A pedestrian is reflected in the window of a branch of the Australia and New Zealand Banking Group (ANZ) in central Sydney, Australia, October 25, 2017. REUTERS/Steven Saphore/File Photo Acquire Licensing RightsAug 25 (Reuters) - ANZ Group (ANZ.AX) and Suncorp Group (SUN.AX) said on Friday that they have filed separate applications to seek a tribunal review after Australia's competition regulator recently blocked ANZ's $3.2 billion buyout of Suncorp's banking arm. read moreBoth companies reaffirmed their mid-2024 target to execute the deal after the application to the Australian Competition Tribunal, an independent body that reviews ACCC decisions. ACCC acknowledged the companies' move, but declined to comment further. Reporting by John Biju in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.
Persons: Steven Saphore, John Biju, Dhanya Ann Thoppil Organizations: New Zealand Banking Group, ANZ, REUTERS, Suncorp Group, Australian Competition, Consumer Commission, Australian Competition Tribunal, ACCC, Thomson Locations: Australia, Sydney, Bengaluru
☆ Australia's ANZ Group and Suncorp seek review of $3.2 billion deal block
  + stars: | 2023-08-25 | by ( ) www.reuters.com   time to read: +1 min
A pedestrian is reflected in the window of a branch of the Australia and New Zealand Banking Group (ANZ) in central Sydney, Australia, October 25, 2017. REUTERS/Steven Saphore/File Photo Acquire Licensing RightsAug 25 (Reuters) - ANZ Group (ANZ.AX) and Suncorp Group (SUN.AX) said on Friday that they have filed separate applications to seek a tribunal review after Australia's competition regulator recently blocked ANZ's $3.2 billion buyout of Suncorp's banking arm. read moreBoth companies reaffirmed their mid-2024 target to execute the deal after the application to the Australian Competition Tribunal, an independent body that reviews ACCC decisions. ACCC acknowledged the companies' move, but declined to comment further. Reporting by John Biju in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.
Persons: Steven Saphore, John Biju, Dhanya Ann Thoppil Organizations: New Zealand Banking Group, ANZ, REUTERS, Suncorp Group, Australian Competition, Consumer Commission, Australian Competition Tribunal, ACCC, Thomson Locations: Australia, Sydney, Bengaluru
☆ 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
☆ 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
☆ Australia's Suncorp forecasts rise in FY24 natural hazard costs amid La Niña
  + stars: | 2023-07-03 | by ( ) www.reuters.com   time to read: +1 min
It now sees the natural hazard allowance for fiscal 2024 to increase to A$1.36 billion ($907.4 million), as compared with A$1.16 billion set aside for fiscal 2023, Suncorp said. read moreGroup natural hazard experience for fiscal 2023 is expected between A$1.25 billion and A$1.28 billion, the company added. Suncorp intends to maintain its underlying insurance margin within a 10% to 12% range, as it continues to reflect increased input costs, the company said in a statement. "We continue to see a significant reassessment of risk... which reflects elevated natural hazard activity in recent years... ($1 = 1.4993 Australian dollars)Reporting by Roushni Nair in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
Persons: Steve Johnston, Roushni Nair, Shailesh Organizations: Suncorp, New Zealand, Thomson Locations: Australia, New, Bengaluru
☆ Australian insurers receive over 8,000 claims after New Zealand floods
  + stars: | 2023-01-29 | by ( ) www.reuters.com   time to read: +2 min
As of Monday morning, Suncorp's Vero and AA Insurance brands have received about 3,000 claims, while IAG's AMI, State and New Zealand Insurance brands have obtained over 5,000 claims. Both the insurers expect the number of claims to rise further over the coming days, as the event continues to unfold and customers identify damages. IAG received 24,000 claims in the first three days of flooding in Sydney and across the New South Wales state last year. Local New Zealand insurers have yet to provide any details on claims received. ($1 = 1.5427 New Zealand dollars)($1 = 1.4085 Australian dollars)Reporting by Harish Sridharan in Bengaluru; Editing by Aurora EllisOur Standards: The Thomson Reuters Trust Principles.
☆ New Zealand's Auckland expected to receive further rains as flooding remains
  + stars: | 2023-01-29 | by ( Lucy Craymer | ) www.reuters.com   time to read: +2 min
[1/2] An area flooded during heavy rainfall is seen in Auckland, New Zealand January 27, 2023, in this screen grab obtained from a social media video. A state of emergency remains in place in Auckland and further south in regional Waitomo. "There has been very significant damage across Auckland," New Zealand new Prime Minister Chris Hipkins told state-owned television station TVNZ Monday. Metservice has issued an updated Heavy Rain Warning for Auckland and Great Barrier Island for 12 hours from Jan. 31 at 6pm (0700 GMT). Auckland Council said if rain continues at this pace there will be further flooding and landslides are expected.
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