Treasurer approves ANZ-Suncorp merger
Treasurer Jim Chalmers has announced his approval of ANZ Bank's 4.9 billion dollar takeover of Suncorp Bank.
“Following this lengthy and robust process I have decided to approve this proposal subject to strict and enforceable conditions,” Mr Chalmers said.
"Now the conditions that I am proposing and imposing on the transaction are all about ensuring access to vital banking services, particularly in the regions, and also making sure that employees aren't left behind in this transaction.”
Treasurer approves ANZ-Suncorp merger