There should be a regulatory crackdown on Suncorp.
The SUncorp Bank sale does not look good. Selling to ANZ known for its weaknesses in conduct and money laundering as exposed by the Financial Services Royal Commission seemed strange and in hindsight, leaves the question as to what else is lurking in the Suncorp Bank.
After the IAG precedent, Suncorp might expect its insurance to be scrutinized for irregularities.
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