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Australia regulator blocks $3.2 billion ANZ-Suncorp bank deal

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Australia regulator blocks $3.2 billion ANZ-Suncorp bank deal

Australia's competition regulator on Friday blocked a A$4.9 billion ($3.2 billion) buyout planned by No.4 bank ANZ Group of insurer Suncorp's banking arm, setting the scene for a drawn-out legal challenge.

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Australia regulator blocks $3.2 billion ANZ-Suncorp bank deal

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Australia regulator blocks $3.2 billion ANZ-Suncorp bank deal

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