ANZ Bank's $4.9billion takeover of Suncorp approved

ANZ Bank's $4.9billion takeover of Suncorp's banking arm has been given the tick of approval from Treasurer Jim Chalmers. The massive deal comes after ANZ successfully overturned the competition watchdog's opposition to the takeover when the Australian Competition Tribunal granted the deal. The takeover is expected to make ANZ the third largest bank in Australia. 'I received very clear advice from Treasury, APRA, ASIC and the Department of Home Affairs that it wouldn't be in the national interest to prohibit this transaction,' Dr Chalmers said. Dr Chalmers approved the transaction...