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ANZ's Suncorp Bank bid faces further scrutiny, consultation in Australia

( April 4, 2023, 01:35 GMT | Official Statement) -- MLex Summary: Australia & New Zealand Banking Group's plans to acquire Suncorp Bank from Suncorp Group are so far insufficient in their detail to convince Australia's merger regulator that the deal would deliver the claimed public benefits set out by the companies. In a statement of preliminary views today, the Australian Competition & Consumer Commission requested feedback on issues including how the proposed acquisition may give rise to coordinated effects in the relevant markets. The Australian Competition & Consumer Commission's full statement is attached....

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