Armourguard buys NZ CIT competitor 02 April 2024 3:43AM Latest news Ian Rogers Armourguard, the dominant supplier of cash-in-transit services in New Zealand, is on the cusp of establishing its own monopoly. read more
Scam losses fall 14 March 2024 3:11AM Latest news John Kavanagh Reports of scam losses to the ACCC’s Scamwatch service declined in the December quarter, with decreases in all the common forms of scam activity. read more
Tired Suncorp Bank easy meat for ANZ 06 March 2024 4:01AM Latest news Ian Rogers The barely challenged lack of competitiveness or even relevance of Suncorp Bank is the dark heart underlying the full decision of the Australian Competition Tribunal to grant authorisation for ANZ to.. read more
Hopeless: Tribunal entrenches the oligopoly 21 February 2024 6:14AM Latest news Ian Rogers Comment: Each takeover of a smaller rival proposed by a big Australian bank has won clearance from competition authorities over the last 35 years. Every single one. read more
ANZ blunders: Town & Country and now Suncorp 21 February 2024 6:12AM Latest news Ian Rogers Comment: In the disgraceful Australian catalogue of bank takeovers, one overlooked old ANZ favourite bears a review. read more
The brawls around cash 05 February 2024 5:35AM Latest news Ian Rogers One of the biggest stoushes in Australian banking in a long, long time is approaching its crescendo, as the RBA steps up to oversee industry conversations around the economics of cash-in-transit and t.. read more
ACCC's flawed deposit inquiry 22 January 2024 4:51AM Latest news Ian Rogers The yawning gaps and slender recommendations in the final report of the ACCC’s deposits inquiry mean there will be little change in the disparities and the dissatisfaction plaguing the deposit taking.. read more
Brokers, Macquarie 'limit coordination' 15 December 2023 4:56AM Latest news Ian Rogers Macquarie Bank, HSBC and ING “are in a position to defeat coordination” by major banks, Ruth Higgins, barrister for ANZ told the Australian Competition Tribunal yesterday. read more
CBA tries to rein in liability for customer losses triggered by digital outages 14 December 2023 4:28AM Latest news George Lekakis Commonwealth Bank has handed itself an early Christmas present that could potentially shield it against expensive compensation claims from business customers who suffer financial losses during banking.. read more
Bendigo BOQ merger 'mere possibility' 12 December 2023 5:02AM Latest news Ian Rogers There have been exploratory conversations between Bendigo and Adelaide Bank and Bank of Queensland, Bendigo told the Australian Competition Tribunal – but they won’t lead anywhere. read more
Bendigo 'must spend vast amounts' 11 December 2023 5:39AM Latest news Ian Rogers A merger of Bendigo and Adelaide Bank and Suncorp Bank “would allow them to effectively compete”, the Australian Competition Tribunal heard on Friday. read more
Suncorp a secondary competitor 08 December 2023 4:55AM Latest news Ian Rogers Suncorp Bank “is not a particularly vigorous competitor” Suncorp’s barrister told the Australian Competition Tribunal yesterday. read more
ACCC gives banks the nod to work on cash services solution 07 December 2023 5:53AM Latest news John Kavanagh The ACCC has granted interim authorisation to the ABA, its member banks and industry participants to work together to develop an arrangement that will guarantee the ongoing distribution of cash. read more
Suncorp bases its case on its own hopelessness 06 December 2023 5:42AM Latest news Ian Rogers Suncorp’s barrister painted the banking business of his client in a very poor light at the Australian Competition Tribunal. read more
Banking 'all national' to ANZ 06 December 2023 5:38AM Latest news Ian Rogers ANZ is hanging its hat on the Australian Competition Tribunal agreeing that Bank of Queensland, Judo Bank, Bendigo and Adelaide Bank and Rabobank will provide meaningful competition in business bankin.. read more
ANZ attacks ACCC's analysis of the mortgage market 05 December 2023 5:40AM Latest news John Kavanagh ANZ’s barrister Ruth Higgins spent the day in the Australian Competition Tribunal setting out the bank’s argument that the ACCC’s reasons for blocking its acquisition of Suncorp Bank were based on “st.. read more
ANZ urges Competition Tribunal to ignore 'mere possibilities' 04 December 2023 5:00AM Latest news John Kavanagh ANZ launches its appeal against the ACCC’s opposition to its proposed takeover of Suncorp Bank today before the Australian Competition Tribunal, where it will argue that the tribunal needs to consider.. read more
Tribunal schedules ANZ and Suncorp appeal 23 October 2023 5:55AM Latest news Ian Rogers The Australian Competition Tribunal will begin a nine-day hearing on Monday, 4 December on the applications by ANZ and Suncorp for a review of the ACCC’s recent decision to refuse authorisation for th.. read more
Open banking conversion rates not up to scratch 20 October 2023 5:50AM Latest news John Kavanagh Open banking data holders need to address issues in their systems to improve consent conversion rates, a review of the current state of the Consumer Data Right concludes. read more
Linfox Armaguard boss says ACCC undertakings will be honoured 05 September 2023 6:13AM Latest news George Lekakis Linfox Armaguard’s executive chairman Peter Fox says his company will comply with all of the undertakings given to the competition regulator before the merger with Prosegur’s ATM and cash logistics bu.. read more