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Australian regulator rejects ANZ’s deal to acquire Suncorp’s banking unit

Por: MarketWatch Business August 04, 2023

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“We consider there is an increased likelihood of coordination between the four major banks in the supply of home loans should Suncorp Bank become part of ANZ. Coordinated market outcomes mean competition is muted at best, to the detriment of customers,” said ACCC Deputy Chair Mick Keogh. The ACCC issued its determination and an executive summary on Friday, and said it expected to issue its full reasons on Monday. ANZ in July last year agreed... + full article



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