Suncorp sees improvement in margins from insurance; annual cash earnings jump

[ad_1] FY23 cash earnings rose to A$1.25 billion Company will change its operating model Aug 9 (Reuters) – Australia’s Suncorp Group (SUN.AX) on Wednesday posted a sharp jump in full-year…

Live: CBA, Suncorp profits jump, ASX to slip as Moody’s downgrades US banks

[ad_1] Australia’s largest bank has reported that its statutory full-year profit has jumped 5% to $10.19 billion. The Commonwealth Bank’s earnings were propped up by its net interest margin (NIM)…

ACCC denies authorisation for ANZ to acquire Suncorp Bank

[ad_1] The ACCC has decided not to grant merger authorisation for ANZ Banking Group (ASX:ANZ) to acquire Suncorp Group’s (ASX:SUN) banking arm. Under the statutory test, the ACCC must not…