Daily Dispatches: ANZ joins the wealth game

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ANZ has made its long awaited move into wealth management in Australia by buying out its joint venture partner ING in its existing domestic business for $1.87bn. (Sydney Morning Herald)

Treasurer Wayne Swan said there is a "steely determination" among the G20 leaders to bed down a framework for executive salaries in the world's financial sector. (The Age)

The Rudd government is under pressure to bring its banking guarantees to an early end, now the banks are clearly out of danger and able to raise funds on their own. A meeting of the peak finance policy body, the Financial Regulators Council, last week canvassed exit strategies from the guarantees, including whether Australia should follow the US, which will end its wholesale banking guarantees in five weeks. (The Australian)

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