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ANZ to appeal after ACCC denies their Suncorp merger

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MICK KEOGH ACCC PRESSER

Mick Keogh from the ACCC announcing the rejection of the ANZ Suncorp merger (AAP) Source: AAP / SAM MCKEITH/AAPIMAGE

[[A four-point-nine billion dollar merger of ANZ with Suncorp's banking arm has been denied by the Australian Competition and Consumer Commission. The department's deputy chair says it will further entrench the dominance of the big four banks, and limit competition.]]

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By Rena Sarumpaet

Presented by Hannah Kwon

Source: SBS News

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[[A four-point-nine billion dollar merger of ANZ with Suncorp's banking arm has been denied by the Australian Competition and Consumer Commission. The department's deputy chair says it will further entrench the dominance of the big four banks, and limit competition.]]

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