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Regulatory

ACCC slams door on ANZ, Suncorp deal

The Australian Consumer and Competition Commission (ACCC) has declined ANZ's $4.9 billion bid to acquire Suncorp Group's banking arm, citing concerns around competition and potential consumer detriment.

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Read more: ACCC,  ANZ,  Queensland,  Australian Consumer,  Suncorp Bank,  Suncorp Group,  Competition Commission,  Shayne Elliott,  Australian Competition Tribunal,  Federal Treasurer,  Mick Keogh