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ANZ announces Suncorp takeover - Taipei Times

Australia and New Zealand Banking Group Ltd (ANZ) yesterday announced a A$4.9 billion (US$3.3 billion) deal to swallow regional lender Suncorp Bank — one of the biggest takeovers in the sector for more than a decade. The takeover of the Queensland-based lender would push ANZ up one spot to make it the nation’s third-largest mortgage provider. However, critics said the deal — reportedly the largest in Australian banking since 2008 — would cut competition and concentrate the power of Austr...
Western Australia New Zealand Peter Lock Shayne Elliott Heritage Bank Zealand Banking Group Ltd

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