ANZ takeover bid for Suncorp Bank has red flags galore - The Australian Financial Review

It is instructive to add the ANZ and Suncorp costs together and then ask why a deal worth $4.9 billion has costs associated with it of $1.35 billion.

This is equivalent to 35 per cent of the Suncorp Bank cost base. Branch closures and widespread redundancies must be part of this. ANZ showed during the pandemic that it can move fast when necessary … [+2582 chars]

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