Australia : ASX Share Prices, Indexes & News

ANZ Says More Shareholder Returns Depend on Capital Needs

By Robb M. Stewart MELBOURNE, Australia--Australia & New Zealand Bank Ltd. (ANZ.AU) said Friday the sale of its Australian life insurance operations remains on track to close in late May, but cautioned that any further capital returns to shareholders would depend in part on regulatory capital demands. The bank, one of Australia's largest lenders, said it had completed the repurchase of 3 billion Australian dollars (US$2.1 billion) of its...