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Australia"s ANZ, Suncorp overcome objection to major merger

Australia s ANZ and Suncorp banks jumped a big hurdle in their proposed US$3.2 billion merger Tuesday, as a tribunal overrode a consumer watchdog s concerns. ....

New South Wales , Jim Chalmers , Torsten Blackwood , Shayne Elliot , Consumer Commission , Suncorp Bank , Australian Competition , Australian Competition Tribunal , Treasurer Jim Chalmers ,

ANZ's $3.2 billion Suncorp bank unit buyout decision due on Tuesday

The future of ANZ Group's A$4.9 billion ($3.2 billion) buyout of Suncorp's banking arm will become clear on Tuesday, with the Australian Competition Tribunal due to rule if the bank can press on with the takeover of its significant rival. The decision, due at 9 a.m. (2200 GMT) in the Federal Court in Sydney, comes after the takeover was blocked by the Australian Competition and Consumer Commission (ACCC) in August. ANZ, which is Australia's fourth-largest lender by market capitalisation, appealed the ruling along with Suncorp as both parties fought for the deal to stay alive. ....

New South Wales , Jim Chalmer , Scott Murdoch , Jacqueline Wong , Consumer Commission , Australian Competition Tribunal , Federal Court , Australian Competition , Treasurer Jim Chalmer , Australian Competition And Consumer Commission , Federal Court , Market Capitalisation ,

Summer questions: Suncorp CEO Jimmy Higgins takes stock after weathering a massive year

Suncorp New Zealand chief executive Jimmy Higgins has had a massive year at the helm of one of the country’s largest insurers. He talks about rallying in. ....

Hauraki Gulf , New Zealand General , New Zealand , United States , United Kingdom , El Nino , Jimmy Higgins , Silicon Valley Bank , Signature Bank , Unz Initiative , Suncorp New Zealand , Middle East , Coral Coast ,