Anyloan Australia

... Personal Finance & Business Loan Solutions

Home
Calculators
Personal Loan Calculator Car Loan Calculator Bike Loan Calculator Boat Loan Calculator JetSki Loan Calculator Caravan Loan Calculator Truck Loan Calculator Home Loan Calculator Business Loan Calculator Asset Lease Calculator
Sitemap
About us Privacy Contact us News Articles Podcast Broker login Affiliate program
Apply Now
Personal Loan Car Loan Bike Loan Boat Loan Truck Loan Home Loan Business Loan Other Loan

Anyloan Australia :: News

Share this news item!

ANZ Prepares to Finalize $4.9B Suncorp Acquisition

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

ANZ is poised to officially acquire Suncorp's banking sector on August 1, following recent modifications to Queensland's legislative framework essential for the $4.9 billion transaction.

This recent legislative amendment, formally known as the State Financial Institutions and Metway Merger Amendment Bill, was the last remaining obstacle. With this adjustment in state law, Suncorp’s banking division is now set to transition seamlessly into ANZ’s portfolio.

ANZ representatives stated that the legislative approval signals the final preparation phase for the acquisition, initially declared back in July 2022. Following this regulatory milestone, ANZ will integrate approximately 3000 employees and welcome 1.2 million new customers into their banking operations on August 1, 2024.

The deal, which was first unveiled almost two years ago, hinged upon critical endorsements from several authorities. These included the Treasurer's approval, receiving the green light from competition regulators, and necessitating specific legislative adjustments in Queensland. Now, with all boxes ticked, ANZ is prepared to absorb Suncorp's banking clientele and workforce.

Source: Original article on Suncorp Bank’s sale **Suncorp Bank sale clears last hurdle**. 15 July 2024.

Published:Thursday, 18th Jul 2024
Source: Paige Estritori

Please Note: If this information affects you, seek advice from a licensed professional.

Share this news item:

Finance News

RBA Maintains Cash Rate at 3.60% Amidst Inflationary Pressures

14 Nov 2025: Paige Estritori

The Reserve Bank of Australia (RBA) has decided to keep the official cash rate steady at 3.60% during its November 2025 meeting. This decision reflects the central bank's ongoing concerns about inflation, which has risen above the target range of 2-3% and is expected to remain elevated for some time. - read more

ANZ Bank Adjusts Cash Rate Forecast: No Cuts Anticipated Until 2026

14 Nov 2025: Paige Estritori

ANZ Bank has revised its cash rate forecast, now expecting no cuts until February 2026. This adjustment aligns with similar revisions by other major banks, reflecting a collective response to recent economic data and RBA communications. - read more

RBA's November 2025 Statement: Inflation Trends and Economic Projections

14 Nov 2025: Paige Estritori

The Reserve Bank of Australia (RBA) has released its November 2025 Statement on Monetary Policy, highlighting concerns about rising inflation and providing insights into the future of the Australian economy. - read more

RBA Holds Cash Rate at 3.60% in November 2025

06 Nov 2025: Paige Estritori

The Reserve Bank of Australia (RBA) has decided to keep the official cash rate unchanged at 3.60% during its November 2025 meeting. This decision reflects the central bank's cautious approach in balancing inflation control with employment objectives. - read more

ANZ Revises RBA Rate Cut Forecast to February 2026

06 Nov 2025: Paige Estritori

ANZ has adjusted its forecast regarding the Reserve Bank of Australia's (RBA) next cash rate cut, now anticipating the reduction to occur in February 2026. This revision aligns with similar adjustments by other major banks, reflecting a collective response to recent economic data and RBA communications. - read more

Click for more Finance News

Finance Articles

Step-by-Step Guide to Navigating the Loan Application Process

Welcome to our step-by-step guide to navigating the loan application process! Whether you're seeking a home loan, personal loan, or business loan, the journey can seem overwhelming. - read more

Mastering Money: Strategies to Boost Your Financial Health

Financial health is a crucial aspect of overall well-being, particularly in the ever-evolving economic landscape of Australia. The capacity to manage personal finances effectively not only provides a sense of security but also opens doors to opportunities that might otherwise be out of reach. As such, mastering the art of money management is an indispensable skill for Australians from all walks of life. - read more

Top Mistakes to Avoid After Getting Your Loan Approved

Getting your loan approved is a significant milestone, but it also opens the door to many new responsibilities. Proper management of your finances after loan approval is crucial to avoid common pitfalls that could derail your financial stability. - read more

Understanding the Power of Pre-Approval in Your Financial Journey

Pre-approval in the financial world refers to a preliminary evaluation by a lender to determine how much credit or loan they may be willing to extend to an applicant. It's a vital step for any Australian looking to finance a significant purchase such as a home or a car. Essentially, pre-approval provides potential borrowers with an indication of their borrowing capacity, subject to final verification and approval. - read more

5 Essential Personal Loan Tips Every Millennial Should Know

Personal loans have become an increasingly popular financial tool among millennials in Australia. As the cost of living rises and life goals such as buying a home or pursuing higher education loom on the horizon, personal loans offer a means to achieve these goals with more immediate access to funds. However, the array of options and terms can be bewildering, making it crucial for young adults to approach borrowing with a prudent mindset. - read more

Need Help Finding a Loan?

Find out now if you qualify and compare rates, offers and options from multiple lenders - without a credit check!

All finance quotes are provided free (via our secure server) and without obligation.
We respect your privacy.

Knowledgebase

Personal Loan:
A personal loan is a loan provided to an individual or individuals (as opposed to a business) and that can be generally be used for a variety of purposes subject to the approval of the lender.

This website is owned and operated by Clark Family Pty Ltd (ACN 010 281 008) as Trustee for the Clark Family Trust (ABN 35 957 893 714), 43 Larch Street Tallebudgera QLD 4228. Clark Family Pty Ltd is an Authorised Representative (AR 1298860) of Unique Group Broker Services Pty Ltd (AFSL 509434) for financial product referrals and an Authorised Credit Representative (ACR 401491) of Saccasan Pty Ltd (ACL 386297). Check our licensing details on the ASIC registers: Clark Family Pty Ltd ACR, Clark Family Pty Ltd AR, Saccasan Pty Ltd, Unique Group Broker Services.

IMPORTANT: We do not provide financial product advice or credit assistance. We act solely as an introducer and refer enquiries to licensed third-party intermediaries, insurers, and lenders - with whom you can then deal directly. We may receive a fee or commission from these third parties in consideration for the referral. Before any action is taken to obtain a product or service referred to by this website, advice should be obtained (from either the third party to whom we refer you or from another qualified intermediary) as to the appropriateness of obtaining those products having regard to your objectives, financial situation and needs. Whilst we have our own process for validating the legitimacy of our referral partners, you should always verify the credentials of your financial adviser before proceeding with recommendations that they may present. Visit the ASIC website for further information.