History sour on ANZ value in Suncorp Bank 02 July 2024 5:58AM Latest news Bernard Kellerman and Ian Rogers The ANZ PR machine has forceful, via Bluenotes and national media, over the value the bank plans to deliver following the long-expected final approval – from the Treasurer, on Friday – for ANZ’s takeo.. read more
Briefs: NAB partners with CrowdStrike, Scotpac gets into payroll, Zip sheds customers, Suncorp hybri 17 April 2024 3:01AM Latest news John Kavanagh NAB has formed a partnership with cyber security company CrowdStrike and is offering its SME customers a year’s free access to the CrowdStrike Falcon Go service. read more
Tired Suncorp Bank easy meat for ANZ 06 March 2024 4:01AM Latest news Ian Rogers The barely challenged lack of competitiveness or even relevance of Suncorp Bank is the dark heart underlying the full decision of the Australian Competition Tribunal to grant authorisation for ANZ to.. read more
AML bothers Suncorp Bank as sale nears 27 February 2024 5:36AM Latest news Ian Rogers Suncorp Bank’s swansong result highlights the task ahead for ANZ, defending a franchise and extracting value from a business beset by margin headwinds and increased expenses. read more
Hopeless: Tribunal entrenches the oligopoly 21 February 2024 6:14AM Latest news Ian Rogers Comment: Each takeover of a smaller rival proposed by a big Australian bank has won clearance from competition authorities over the last 35 years. Every single one. read more
ANZ blunders: Town & Country and now Suncorp 21 February 2024 6:12AM Latest news Ian Rogers Comment: In the disgraceful Australian catalogue of bank takeovers, one overlooked old ANZ favourite bears a review. read more
Brokers, Macquarie 'limit coordination' 15 December 2023 4:56AM Latest news Ian Rogers Macquarie Bank, HSBC and ING “are in a position to defeat coordination” by major banks, Ruth Higgins, barrister for ANZ told the Australian Competition Tribunal yesterday. read more
Bendigo BOQ merger 'mere possibility' 12 December 2023 5:02AM Latest news Ian Rogers There have been exploratory conversations between Bendigo and Adelaide Bank and Bank of Queensland, Bendigo told the Australian Competition Tribunal – but they won’t lead anywhere. read more
Bendigo 'must spend vast amounts' 11 December 2023 5:39AM Latest news Ian Rogers A merger of Bendigo and Adelaide Bank and Suncorp Bank “would allow them to effectively compete”, the Australian Competition Tribunal heard on Friday. read more
Suncorp a secondary competitor 08 December 2023 4:55AM Latest news Ian Rogers Suncorp Bank “is not a particularly vigorous competitor” Suncorp’s barrister told the Australian Competition Tribunal yesterday. read more
Suncorp bases its case on its own hopelessness 06 December 2023 5:42AM Latest news Ian Rogers Suncorp’s barrister painted the banking business of his client in a very poor light at the Australian Competition Tribunal. read more
Banking 'all national' to ANZ 06 December 2023 5:38AM Latest news Ian Rogers ANZ is hanging its hat on the Australian Competition Tribunal agreeing that Bank of Queensland, Judo Bank, Bendigo and Adelaide Bank and Rabobank will provide meaningful competition in business bankin.. read more
ANZ attacks ACCC's analysis of the mortgage market 05 December 2023 5:40AM Latest news John Kavanagh ANZ’s barrister Ruth Higgins spent the day in the Australian Competition Tribunal setting out the bank’s argument that the ACCC’s reasons for blocking its acquisition of Suncorp Bank were based on “st.. read more
ANZ urges Competition Tribunal to ignore 'mere possibilities' 04 December 2023 5:00AM Latest news John Kavanagh ANZ launches its appeal against the ACCC’s opposition to its proposed takeover of Suncorp Bank today before the Australian Competition Tribunal, where it will argue that the tribunal needs to consider.. read more
Suncorp stays out of overheated lending markets 13 November 2023 4:56AM Latest news John Kavanagh Suncorp Bank’s mortgages and business lending portfolios both ran off in the September quarter, and its household deposit growth was below system. read more
Briefs: Suncorp appoints bank CEO, Money Quest makes another acquisition, Rent.com.au launches share 03 November 2023 5:27AM Latest news Banking Day staff Suncorp has promoted Bruce Rush to the role of Suncorp Bank chief executive, replacing outgoing Clive van Horen. read more
Tribunal schedules ANZ and Suncorp appeal 23 October 2023 5:55AM Latest news Ian Rogers The Australian Competition Tribunal will begin a nine-day hearing on Monday, 4 December on the applications by ANZ and Suncorp for a review of the ACCC’s recent decision to refuse authorisation for th.. read more
Briefs: Suncorp Bank CEO resigns, CBA director to step down 27 September 2023 3:48AM Latest news Banking Day staff Suncorp Bank chief executive Clive van Horen is leaving Suncorp to take on the job of chief executive at wealth management company Colonial First State. read more
Briefs: Suncorp prices subordinated notes, more fund manager interest in RMBS 21 September 2023 4:46AM Latest news Banking Day staff Suncorp Group has priced an issue of floating rate subordinated notes, raising A$600 million at a margin of 235 basis points over the three-month bank bill swap rate. read more
Suncorp shaves mortgage rates for package borrowers 06 September 2023 5:54AM Latest news George Lekakis Suncorp has reduced a range of mortgage rates under its range of package offers to owner occupiers and investment borrowers. read more