Bank branch closure inquiry wraps 17 April 2024 3:16AM Latest news Ian Rogers A bank branch (mainly NAB’s) closed in regional Australia every 5 days since a Senate inquiry into bank closures in regional Australia was announced early last year. read more
Deposit mix key to banks managing rate cuts 16 April 2024 4:59AM Latest news John Kavanagh Deposits are 'key differentiators of profitability' and banks’ ability to manage their deposit mix will be important to their earnings when rates start to fall. read more
More branch closures ahead 08 April 2024 6:43AM Latest news John Kavanagh Westpac leads the move to shut bank branches, with 167 closures last year, according to new research. read more
Climate litigation heats up 15 March 2024 5:04AM Latest news John Kavanagh Climate advocacy groups and investors have stepped up their use of litigation to try and speed up the move to net zero and, while energy and resource companies and government bodies are the main targe.. read more
Moody's downgrades Bendigo and BOQ, upgrades two banks 07 March 2024 5:54AM Latest news Ian Rogers The application of Moody’s revised Advanced Loss Given Failure analysis to certain Australian banks yesterday has led to a shake-up of credit ratings for four banks, including two downgrades for regio.. 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
AML bothers Suncorp Bank as sale nears 27 February 2024 5:36AM Latest news Ian Rogers Suncorp Bank’s swansong result highlights the task ahead for ANZ, defending a franchise and extracting value from a business beset by margin headwinds and increased expenses. read more
Cash rescues retailers from protracted ANZ Worldline outage 22 February 2024 6:08AM Latest news George Lekakis Thousands of retailers and professional service providers across the country were unable to accept card payments on Wednesday after a telecommunications outage paralysed merchant terminals operated by.. 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
ANZ launches AT1 issue 15 February 2024 5:35AM Latest news John Kavanagh ANZ has launched an issue of additional tier 1 securities, seeking A$1 billion or more and with pricing of the hybrids expected to be in a range between 290 and 310 basis points over the bank bill swa.. read more
ANZ's highest returning arm slashes 170 jobs 14 February 2024 5:24AM Latest news George Lekakis ANZ will slash up to 170 jobs in its commercial banking division ahead of a restructure of business operations in the coming months. read more
Goldman Sachs upgrades ANZ earnings forecast 13 February 2024 4:54AM Latest news George Lekakis Investment analysts yesterday issued earnings upgrades for ANZ after the bank confirmed it had sustained momentum in mortgage volumes in the December quarter and incurred only a slight uptick in loan.. 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
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
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
Macquarie and ANZ wrote more than half of new mortgages in October 01 December 2023 5:26AM Latest news George Lekakis Macquarie Bank and ANZ together accounted for more than half of the system-wide growth in the Australian mortgage market in October as most regional banks and mutual lenders watched their loan books s.. read more