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‘Project Galileo’: Inside ANZ’s $4.9 billion play for Suncorp’s bank

‘Project Galileo’: Inside ANZ’s $4.9 billion play for Suncorp’s bank

ANZ Bank’s pursuit of Suncorp’s banking unit has been seven years in the making and will make ANZ the third-biggest mortgage lender in the country.

  • by Clancy Yeates

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Navigating the booby traps hidden in ANZ’s deal to buy Suncorp Bank

Navigating the booby traps hidden in ANZ’s deal to buy Suncorp Bank

ANZ doesn’t want to leave anything to chance, and it’s prepared to invest its way to the Queensland government’s approval.

  • by Elizabeth Knight
ANZ’s move to buy Suncorp’s banking arm for $4.9 billion to face intense scrutiny

ANZ’s move to buy Suncorp’s banking arm for $4.9 billion to face intense scrutiny

The deal, one of the biggest in the banking sector in years, will need the green light from the consumer watchdog and federal Treasurer Jim Chalmers, as well as amendments to Queensland legislation.

  • by Simone Fox Koob and Clancy Yeates
‘Come back when you’re grey’: Young people warned against super switching

‘Come back when you’re grey’: Young people warned against super switching

A recent survey conducted for lobby group Industry Super Australia found that a third of industry fund members are considering switching in response to the latest global market swings, with those aged between 18 and 34 the most likely to move.

  • by Simone Fox Koob
‘Makes more sense’: Investors back ANZ play for Suncorp assets as MYOB deal put on ice

‘Makes more sense’: Investors back ANZ play for Suncorp assets as MYOB deal put on ice

Shareholders in ANZ Bank have endorsed any move by the lender to acquire banking assets from Suncorp, as the big four bank looks to expand its share in retail banking.

  • by Clancy Yeates
Despite the sharemarket bloodbath, buy now, pay later is here to stay
Opinion
BNPL

Despite the sharemarket bloodbath, buy now, pay later is here to stay

For all the woes facing the BNPL sector, even the most sceptical analysts believe the “pay in four” method made famous by Afterpay is here to stay.

  • by Clancy Yeates
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Wellness apps and fitness trackers: Why insurers love your smartwatch

Wellness apps and fitness trackers: Why insurers love your smartwatch

Australian insurers can’t discriminate against clients on the basis of their health. So why are they doing everything they can to have people feed them sensitive health and fitness data?

  • by Laurel Henning
‘Investing with our ears pinned back’: Hostplus posts positive return despite shaky markets

‘Investing with our ears pinned back’: Hostplus posts positive return despite shaky markets

Despite expectations most super fund returns will dip into the red this year, Hostplus delivered a 1.57 per cent return for members of its balanced option.

  • by Simone Fox Koob
Afterpay founders smash CEO pay records as bonuses for ASX bosses hit new high

Afterpay founders smash CEO pay records as bonuses for ASX bosses hit new high

The typical pay packed for top ASX CEOs hit $9 million last year

  • by Simone Fox Koob
BNPL bloodbath: Zip merger falls apart as CBA takes $2b hit on Klarna

BNPL bloodbath: Zip merger falls apart as CBA takes $2b hit on Klarna

Zip has scrapped its merger with fellow buy now pay, later operator Sezzle as Klarna’s valuation falls and Assistant Treasurer Stephen Jones warns of new regulation.

  • by Sarah Danckert
China’s response to bank protests hints at a wider problem

China’s response to bank protests hints at a wider problem

China’s financial stresses are bubbling to the surface, with a heavy-handed response by the authorities to protests at the weekend by bank depositors whose funds have been frozen since April.

  • by Stephen Bartholomeusz