ANZ Bank
Updated
Earnings season
ANZ boss warns of widening financial stress as profits slide 7 per cent
ANZ chief executive Shayne Elliott said there were “very real stresses” in the economy, but that much of it was outside the banking system.
- by Millie Muroi
Latest
Banks expected to report more than $15b in half-year profits
Despite continued pressure on bank profit margins, analysts expect the big four to post relatively resilient earnings over the next two weeks.
- by Millie Muroi
Exclusive
Liberal Party
Influential Liberal Michael Kroger at centre of heated corporate coup
Kroger is embroiled in a battle for control over the $52 million Mayfield Childcare fuelled in part by a contentious deal three years ago.
- by Paul Sakkal and Sumeyya Ilanbey
Scammers are becoming patient: Banks say social media giants need to step up
Experts warn scammers are targeting victims through drawn-out investment and romance scams – and say social media platforms to step up prevention.
- by Millie Muroi
Bank profit margin crunch to continue as customers shift deposits
Bank margins will continue to dwindle in the first half of this financial year, analysts say, as customers move their savings into higher-interest offerings.
- by Millie Muroi
How the ‘millionaires factory’ shook up Australia’s big four banks
A landmark ruling underlines how Macquarie Group, better known for investment banking, is making a serious play in the less racy retail banking sector.
- by Millie Muroi
Updated
World markets
Mining and energy stocks drag ASX lower on big day for earnings reports
Mining and energy stocks weighed heavily on the Australian sharemarket, dragging the index sharply into negative territory after it briefly pared early losses.
- by Sumeyya Ilanbey
Opinion
Mergers & acquisitions
The competition decision that snookered the treasurer
It’s a sticky decision for Treasurer Jim Chalmers given his government has been waging a war on the dominant players in concentrated industries.
- by Elizabeth Knight
Updated
Mergers & acquisitions
ANZ wins green light for $4.9b Suncorp bank takeover on appeal
The Australian Competition Tribunal has overturned the competition watchdog’s decision not to allow ANZ’s proposed acquisition of Suncorp’s banking arm.
- by Millie Muroi
D-day looms for $4.9 billion ANZ-Suncorp deal
A final ruling on the biggest deal in Australian banking since Westpac bought St George in 2008 is looming.
- by Clancy Yeates
Heat fading from mortgage war as banks protect margins
After an outbreak of fierce competition in the $2.1 trillion mortgage market, analysts are pointing to signs big banks are no longer offering home loan rates that are near the cheapest available.
- by Millie Muroi