EQT AB and CVC Asia Pacific Ltd. scrapped talks with AUB Group Ltd. about a possible takeover offer that had valued the Australian insurance broker at around A$5.2 billion ($3.4 billion). AUB shares slumped.
Canva Inc., Australia’s most high profile startup, has had a surge in users of its new product suite as it builds toward listing as a public company, one of its founders said.
ANZ Group Holdings Ltd. Chief Executive Officer Nuno Matos apologized to parliamentarians for past failings at the bank, adding that he’s listened to regulators as he attempts to improve standards and culture at the firm.
Commonwealth Bank of Australia Chief Executive Officer Matt Comyn hinted that the current buoyancy in credit funding the nation’s housing market has reached a level that is concerning to policymakers.
Commonwealth Bank of Australia Chief Executive Officer Matt Comyn hinted that the current buoyancy in credit funding the nation’s housing market has reached a level that is concerning to policymakers.
ANZ Group Holdings Ltd. investors cheered plans from Chief Executive Officer Nuno Matos to rein in costs as he reiterated that more action is needed to turn around the bank.
Commonwealth Bank of Australia shares sank after its first-quarter profit statement highlighted continued pressure on margins amid scrutiny on the lender’s equity valuation.
Commonwealth Bank of Australia shares sank after its first-quarter profit statement highlighted continued pressure on margins amid scrutiny on the lender’s equity valuation.
Macquarie Group Ltd. Chief Executive Officer Shemara Wikramanayake said history tells us that volatility in commodities markets will likely pick up again after profit took a hit from a lack of swings in areas from gas to oil.