ANZ to swallow Suncorp Bank in $4.9b deal; ACCC to probe competition issues in proposal; Treasurer Jim Chalmers to sign off

Suncorp has accepted a $4.9 billion bid from ANZ to take over its banking business, as the big four bank seeks to accelerate its growth. 

The proposal has to receive clearance from the Australian Competition and Consumer Commission, which has to be satisfied it will not substantially lessen competition in the banking sector. 

Here's my report on The World Today

Also, back in 1982, the old SGIO Building Society (prior to Suncorp) had this advertising gem courtesy of @ozkitsch

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