LONDON: ANZ has agreed to sell its remaining 5.2% of the issued capital in AMMB Holdings Bhd (AmBank) via a block trade at a price of MYR4.10 per share. ANZ Chief Financial Officer Farhan Faruqui said: “The sale of our equity stake in AmBank is a significant milestone in delivering on our strategy to simplify…
LONDON, UK: ANZ has announced the execution of an implementation agreement with the Queensland Government, marking a crucial step in its plan to acquire Suncorp Bank. The agreement outlines ANZ’s commitment to establishing a major tech hub in Brisbane, aimed at bolstering the state’s tech sector and creating career opportunities for Queenslanders while enhancing innovation…
SYDNEY: ANZ today announced it had reached an agreement to settle a class action brought against it in the United States during 2016. The class action named a number of banks, including ANZ, and related to the bank bill swap rate (BBSW) and the trading of BBSW-based products. The settlement is without admission of liability…
AUCKLAND: Tower Limited has agreed to pay $14 million in cash to ANZ to acquire and assume ANZ’s rights and obligations relating to servicing a portfolio of insurance underwritten by Tower. This transaction enables this portfolio to be brought into the Tower Direct business. Tower provided insurance for ANZ and National Bank customers between 1990…