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iTWire - Well-known Australian companies join Microsoft 365 Copilot early access program

AGL, Data#3, Bupa, NAB, Powerlink Queensland, Rest Super and Suncorp are among the first Australian companies to trial Microsoft 365 Copilot. M365 Cop...

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Suncorp rakes in $1.25 billion cash profit despite ACCC uncertainty over proposed buyout of banking arm by ANZ

Suncorp posted a $1.25 billion cash profit this financial year, despite seeing the ACCC knockback ANZ's proposed buyout of the group's banking arm.

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Australian competition regulator rejects $3.2 billion ANZ-Suncorp Bank deal

(Reuters) -Australia's competition regulator on Friday blocked a A$4.9 billion ($3.2 billion) buyout planned by No.4 bank ANZ Group of insurer Suncorp's banking arm, setting the scene for a drawn-out legal challenge. The Australian Competition and Consumer Commission (ACCC) said it was concerned a tie-up between the financial firms would worsen competition and "further entrench an oligopoly market structure" where four lenders including ANZ have three quarters of the country's A$2 trillion in home loans. "The proposed acquisition increases the likelihood that the major banks adopt a 'live and let live' approach to each other ... instead of competing strongly on price, innovation and the quality of their service," ACCC Deputy Chair Mick Keogh said in a statement on Friday.

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Suncorp New Zealand Announces A New 100% Renewable Energy Provider – Steps Toward Net-zero Target

Suncorp New Zealand is happy to announce Ecotricity as the new utility provider for 12 Suncorp New Zealand office spaces across Aotearoa. Sustainability is a key focus for Suncorp New Zealand and this change in provider has meant the offices are ...

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Suncorp to cease offering family guarantee loans

The non-major bank will cease accepting new applications for its Deposit KickStart loan - a family guarantee product - from next month.  

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