Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statement

Big four


Suncorp CEO Steve Johnston and ANZ CEO Shayne Elliott.

‘We feel dwarfed by CBA’: ANZ’s $25b bet on Queensland

Shayne Elliott said the Suncorp acquisition would help it compete with Australia’s biggest bank, as he pledged to fund the state’s energy transition.

  • 41 mins ago
  • James Eyers, Ayesha de Kretser and Liam Walsh
After losing so much market share in the critically important mortgage market, ANZ was under pressure to do something big.

Why rivals are cheering Shayne Elliott’s Suncorp tilt

ANZ boss Shayne Elliott says he’s ‘not going to be distracted’ by the Suncorp acquisition at a time when rival bankers are gearing up for the refinancing wars.

  • 48 mins ago
  • Karen Maley
Treasurer Jim Chalmers says he will take advice on the proposed ANZ takeover of Suncorp’s bank.

Chalmers faces home test on ANZ-Suncorp

Treasurer Jim Chalmers loves watching his beloved Brisbane Broncos at Suncorp Stadium, so approving an ANZ takeover of the Queensland bank won’t come naturally.

  • 1 hr ago
  • John Kehoe
Suncorp chair Christine McLoughlin and ANZ chair Paul O’Sullivan sell the benefits of the deal.

Why ANZ needs the Suncorp deal

There will be plenty of execution challenges in the $4.9 billion deal in a tough new era for the economy and the banking and financial services industries.

  • 1 hr ago
  • Jennifer Hewett

What the ANZ, Suncorp deal means for shareholders

ANZ is seeking $3.5 billion from its shareholders to buy Suncorp’s banking unit. But how will the deal be done and is it a good one for its smaller shareholders?

  • Jonathan Shapiro

ANZ to buy Suncorp bank in $4.9b ‘cornerstone’ deal

The bank confirmed its raising fresh capital to finance its $4.9 billion purchase of Suncorp Bank and pledged to keep its branches open for three years.

  • Updated
  • Liam Walsh, James Eyers and Ayesha de Kretser
Shayne Elliott has previously blamed a risk averse culture for the loss of market share in home loans.

Shayne Elliott’s banking epiphany

ANZ’s tilt at Suncorp is a way for the Melbourne-based lender to claw back some of the share it has ceded in the crucial home lending market over the past four years.

  • Karen Maley
Dive regularly competes in the national whisky tasting championship.

How deja vu helped this fundie avoid the buy now, pay later crash

As speculative pockets of the market boomed during the pandemic, Atlas’ Hugh Dive reminded himself of the lessons learnt from the dotcom crash.

  • Alex Gluyas


 Shayne Elliott and Steven Johnston

ANZ’s $5b tilt at Suncorp puts spotlight on competition

The big four institution is set to swoop on the insurer’s bank to bolster larger player’s languishing home loan division if the deal passes political hurdles.

  • Liam Walsh and Ayesha de Kretser
Access to capital is crucial to creating a low carbon economy.

High demand prompts CBA to push ESG term deposit overseas

But Commonwealth Bank is not yet extracting the kind of premium that on-trend ESG products sometimes command.

  • Hans van Leeuwen

This Month

Revolut Australia chief executive Matt Baxby says the heavily backed UK neobank still has covetous eyes on the Australian market.

‘In its infancy’: neobanks and VCs say bank disruption isn’t over

While the collapse of neobank Volt has given the impression that big banks are winning the battle against start-up insurgency, those in the industry beg to differ.

  • Paul Smith

Aussie banks’ glory days skid to an abrupt halt

Bank investors have been warned to brace for more bad news with dividends forecast to remain below pre-COVID levels, buybacks to be curtailed and growth expected to slow in line with the deteriorating property market.

  • Ayesha de Kretser

Sellers fear property market ‘grinding to a halt’ as decline picks up

As rate rises start to bite, buyers are refusing to pay asking prices while banks are offering big discounts and cash incentives to attract reluctant borrowers.

  • Duncan Hughes
Street Talk.

Bank capital ratios strong but don’t expect new buybacks: MS

Major Australian banks’ capital ratios have weathered the pandemic just fine, but investors shouldn’t expect any more new buyback announcements, according to Morgan Stanley’s sell-side analysts.

  • Anthony Macdonald, Sarah Thompson and Kanika Sood
Analysts at Morgan Stanley have lowered their major bank price targets by an average of 15 per cent.

Relief on banks’ margins to be shortlived as depositor pressure mounts

All the big banks had moved to pass on the full rate rise to borrowers, but pressure is building to pass on the benefits to savers.

  • Updated
  • Ayesha de Kretser
The big banks will pass on interest rate rises to mortgage holders.

Banks set to protect margins amid mortgage pressures

The latest 0.5 percentage point RBA rate rise is set to be passed through in full, bolstering bank profits but adding to headwinds as loan levels and approval rates fall.

  • Updated
  • James Eyers
RBA governor Philip Lowe says inflation will peak later this year.

Why the RBA’s rate rise has soothed market nerves

A relatively dovish statement by Reserve Bank of Australia governor Philip Lowe has soothed nervousness about the RBA driving the economy into recession.

  • Tony Boyd
Minister for Financial Services Stephen Jones: “I see the CDR as democratising customers’ access to their banking data, so they can derive value from it.”

Open banking still has teething problems after two years

The government said the consumer data right can reduce banking sector concentration. But those testing it say data quality and privacy rules need to be fixed.

  • James Eyers
The ACCC says total reported losses from scams last year were $2 billion.

CBA wants cross-industry code to reduce scam risk

The ACCC has found scams led to $2 billion in losses last year, and banks are keen to ensure they’re not the only ones picking up the bill.

  • James Eyers
Sean O’Malley says the migration of AMP Bank’s core banking system to the cloud is an important milestone.

AMP Bank ready to compete in the fintech realm after cloud shift

The boss of AMP Bank says it has completed a major project to shift its core banking systems into Amazon’s cloud, meaning it can partner quickly with emerging start-ups.

  • Paul Smith