Bank branch closure inquiry wraps 17 April 2024 3:16AM Latest news Ian Rogers A bank branch (mainly NAB’s) closed in regional Australia every 5 days since a Senate inquiry into bank closures in regional Australia was announced early last year. read more
Deposit mix key to banks managing rate cuts 16 April 2024 4:59AM Latest news John Kavanagh Deposits are 'key differentiators of profitability' and banks’ ability to manage their deposit mix will be important to their earnings when rates start to fall. read more
Moody's downgrades Bendigo and BOQ, upgrades two banks 07 March 2024 5:54AM Latest news Ian Rogers The application of Moody’s revised Advanced Loss Given Failure analysis to certain Australian banks yesterday has led to a shake-up of credit ratings for four banks, including two downgrades for regio.. read more
Briefs: BOQ takes a hit on asset sale, new Resimac CFO, and more 05 February 2024 5:25AM Latest news Banking Day staff Bank of Queensland is selling its NZ$238 million New Zealand commercial loan and lease portfolio to UDC Finance Ltd, in a deal that will result in a loss of A$17 million to $20 million. read more
Bendigo BOQ merger 'mere possibility' 12 December 2023 5:02AM Latest news Ian Rogers There have been exploratory conversations between Bendigo and Adelaide Bank and Bank of Queensland, Bendigo told the Australian Competition Tribunal – but they won’t lead anywhere. read more
BOQ stands by PwC auditor 06 December 2023 5:36AM Latest news George Lekakis Bank of Queensland chairman Warwick Negus yesterday apologised to shareholders for manifold risk management failures at the company but rejected calls from shareholders for the board to ditch PwC as i.. read more
Costs, arrears markers of BOQ struggles 12 October 2023 5:30AM Latest news Ian Rogers A goodwill impairment, remedial and restructuring costs have smashed the full year profit of Bank of Queensland. read more
BOQ buries ME's award-winning credit card 04 October 2023 5:51AM Latest news George Lekakis While Bank of Queensland has made no secret of its plans to integrate the back-end systems of its stable of customer-facing brands, new details have emerged this week about the overhaul of the ME Bank.. read more
BOQ prep for lousy profit 03 October 2023 5:23AM Latest news Ian Rogers Bank of Queensland has announced a $79 million hit to its full-year profit. read more
BOQ confirm Allaway as CEO 15 August 2023 5:36AM Latest news Ian Rogers Patrick Allaway will continue as managing director of Bank of Queensland on a permanent basis. read more
Briefs: BOQ arrears jump, loyalty program members scammed, CoFi clock ticking 26 July 2023 5:48AM Latest news Banking Day staff Bank of Queensland yesterday released its Pillar 3 report for the three months to May, revealing a big jump in home loan arrears. The value of non-performing residential mortgages rose from A$520 mill.. read more
Briefs: Hawker steps down from Westpac board, BOQ upgrades ME app 18 July 2023 5:16AM Latest news Banking Day staff Westpac non-executive director Michael Hawker has stepped down from the bank’s board. read more
Briefs: Clayton Utz executive chair moves to CBA, BOQ hires DocuSign to implement e-signatures 28 June 2023 1:05AM Latest news Banking Day staff Karen O’Flynn, partner and executive chair of law firm Clayton Utz, is moving to Commonwealth Bank to take up the role of group general counsel and group executive legal and group secretariat. read more
BOQ's mystery prudential inquiry 01 June 2023 4:59AM Latest news Ian Rogers Kept under wraps for the best part of a year, the ugly findings of an APRA prudential review into Bank of Queensland are now out in the open. read more
BOQ worst performing bank stock 03 May 2023 6:08AM Latest news John Kavanagh The change of leadership at Bank of Queensland has done nothing to improve investor sentiment towards the bank, whose share price continues to languish. read more
Higher arrears emerging 21 April 2023 4:57AM Latest news John Kavanagh Bank of Queensland reported higher arrears in its mortgage, commercial and asset finance portfolios in the six months to February – particularly in the asset finance business. read more
BOQs risk culture needs a 'material uplift' 17 April 2023 5:51AM Latest news John Kavanagh Bank of Queensland will undertake a three-year risk program to strengthen its non-financial resilience. read more
Allaway locks in BOQ CEO role 28 March 2023 4:49AM Latest news Ian Rogers Bank of Queensland has appointed current executive chairman Patrick Allaway as managing director. read more
Briefs: new RBA head of domestic markets, BOQ general counsel departs, fixed rate no cause for alarm 01 February 2023 5:59AM Latest news Banking Day staff The Reserve Bank has appointed David Jacobs as head of domestic markets, following the resignation of Jonathan Kearns late last year. read more
Credit quality trend remains positive 31 January 2023 5:35AM Latest news John Kavanagh The Bank of Queensland’s latest Pillar 3 report, released yesterday, shows the credit quality of the bank’s residential mortgage portfolio improved over the three months to the end of November. read more