Industry M&A, Life and Health, News, Non-life

ACCC blocks ANZ’s acquisition of Suncorp’s banking arm, citing competition concerns

The Australian Competition and Consumer Commission recognised Suncorp would benefit from focusing on insurance, but denied the acquisition due to concerns over increased mortgage rates and weakened competition among smaller banks.

Editorial team

August 4, 2023

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2 min read

Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.

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