ANZ absorbs 1.2 million Suncorp customers from June 2027

ANZ will begin moving 1.2 million Suncorp customers to its network starting June 2027 as part of its $4.9 billion takeover.

Why it mattersYou may need to change passwords, update payment details, and check your accounts for fraud if you bank with Suncorp.

Australia1.2 million Australians, mostly in Queensland, must transition to ANZ and verify their new account details to avoid missing payments or falling victim to scam messages.

✓ Claims checked against the source and corrected before publish. checked 3 d ago

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Scott Bessent. Man in dark suit speaking at white podium with microphone, classical columns and blue signage behind

✓ The Sydney Morning HeraldMoney & Work

Bond market rejects Bessent's $6bn buyback plan

Scott Bessent tripled his buyback offer from $2bn to $6bn, but yields still rose to 4.85%, the highest since 2007.

Why it mattersHigher bond yields mean the US government pays more to borrow, and when old debt matures and refinances at these rates, the interest bill explodes.