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Australia approves ANZ's $3.3 billion buyout of Suncorp Bank

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Suncorp News

Jim Chalmers,Australia,Financial Regulators

Australia on Friday gave the go-ahead for ANZ Group's A$4.9 billion ($3.26 billion) buyout of Suncorp's banking business, clearing the deal to proceed after ...

The logo of the ANZ Banking Group is displayed in the window of a newly opened branch in central Sydney

"Following this lengthy and robust process, I received clear advice ... that it would not be in the national interest to prohibit this transaction," Chalmers said in a statement. The deal was originally blocked by Australia's competition regulator in August on the grounds it would limit competition in the banking sector. But the Australian Competition Tribunal in February cleared the deal after the two companies appealed the decision.

ESSEX, ONTARIO, CANADA — Police confirmed Wednesday that four people found dead in a rural home in southwestern Ontario last week were members of the same family. The four have been identified as 41-year-old Carly Walsh, 42-year-old Steven Walsh, 13-year-old Madison Walsh and eight-year-old Hunter Walsh. Ontario Provincial Police said they went to a home in the community of Harrow last Thursday after receiving a request to check on the well-being of someone inside.

 

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