Today
Buffett-backed lender to buy Discover Financial for $53.5b
US bank Capital One has agreed to buy Discover Financial, in an all-stock tie-up that is set to unite two of America’s largest credit card companies.
- Anirban Sen and Michelle Price
Shaw and Partners lifts MS Wealth team
Shaw and Partners has dipped into Morgan Stanley Wealth Management’s ranks for the third time in less than six months.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Unpacking the ANZ/Suncorp decision
Reporters James Eyers and Liam Walsh discuss the court appeal that waved through ANZ's purchase of Suncorp.
- Updated
- Opinion
- Chanticleer
What we learnt from ARB, Ansell, Netwealth and McMillan’s results
ARB enhances its market darling status, Ansell gets a poor hearing, wealth platforms please investors and McMillan Shakespeare watches the EV boom.
- James Thomson and Anthony Macdonald
SG Fleet’s investor LeasePlan seeks exit via $30m block trade
SG Fleet Group’s second-largest shareholder, LeasePlan Corporation, sent out JPMorgan to seek buyers for a circa $30 million stake after Tuesday’s closing bell.
- Sarah Thompson, Kanika Sood and Emma Rapaport
ACCC’s Bendigo/Suncorp theory had ‘significant challenges’: court
A takeover of Suncorp’s bank from its fellow regional lender Bendigo & Adelaide Bank would face material execution risks, the Australian Competition Tribunal said.
- Lucas Baird, James Eyers and Liam Walsh
Mystery buyer scoops up E&P Financial shares
Broker sources believe newly listed Australian Wealth Advisors Group could be buying up stock.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
How RBA board chat matches up with company profits
Profits are supposed to drive share prices, but this market is as much about interest rate expectations. So it is worth trying to marry the two.
- Anthony Macdonald
- Updated
- Mergers & acquisitions
‘Maverick’ Macquarie paves way for ANZ’s Suncorp buy
The decision paves the way for the biggest merger in banking since CBA took out Bankwest in 2008 and could mean more consolidation in the sector.
- Updated
- Lucas Baird, James Eyers and Liam Walsh
- Analysis
- Mergers & acquisitions
ACCC undone by ‘double negative’ in merger analysis
Lawyers said ANZ’s win will create a strong precedent, and also shows the importance of the tribunal continuing to have a role conducting merger reviews.
- James Eyers
ANZ hybrid expected to be upsized to $1.5b after Suncorp win
ANZ is expected to upsize its $1 billion hybrid deal launched last week.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Judo’s Healy steps aside as challenger bank targets regions
Judo founder Joseph Healy is stepping aside leaving his successor to grow the challenger bank to the scale it promised the market.
- Jonathan Shapiro
- Opinion
- Chanticleer
How Macquarie helped ANZ win Suncorp
After more than 18 months, ANZ finally has its prize and can buy Suncorp’s banking division. Sorting out the winners and losers isn’t as clear-cut as it seems.
- James Thomson
Yesterday
- Opinion
- Chanticleer
What we learnt from Cochlear, Westpac, Ampol and Bendigo’s results
Cochlear’s surprising reason for halting its buyback, Westpac is looking stable, Ampol’s Matt Halliday keeps his powder dry and competition hits Bendigo and Adelaide Bank.
- James Thomson and Anthony Macdonald
CBA’s business boss describes Macquarie as a ‘formidable’ competitor
Macquarie’s assault on major banks will force CBA to lift investment, as Mike Vacy-Lyle confirms it will target real estate agents with a new software product.
- James Eyers
ANZ/Suncorp deal ‘not good for competition or consumers’: Bendigo
The Australian Competition Tribunal will on Tuesday deliver its verdict on the $4.9 billion takeover, with the deal hanging in limbo for close to two years.
- Lucas Baird
How Altium secured sweet $9.1b deal on Valentine’s Day
JPMorgan’s technology banker with deep ties to Silicon Valley brokered an introduction between the companies that set the stage for last week’s mega deal.
- Aaron Weinman
Westpac boss says RBA will be easing ‘within’ a year
Westpac stood back from aggressive mortgage market growth to protect its NIM over the past quarter, a similar strategy to its biggest rival, CBA.
- James Eyers
Stokes seeks to mop up Boral with $6.25 offer; BJ and Mac on ticket
Seven Group Holdings put a cash-and-scrip bid to Boral shareholders on Monday, 2½ years after it cornered about 70 per cent of the register and sparked expectations of a mop-up bid.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Federal Court finds NAB fraud secrecy claim has ‘air of a Kafka novel’
Melbourne gold dealer Michael Kukulka has alleged the bank falsely identified him as a “scammer”. The lender’s attempt to keep the matter private has failed.
- Lucas Baird
