BoQ

Bank of Queensland has breached prudential standards and fallen short in its compliance with anti-money laundering laws, prompting regulators to force it to hold an extra $50 million in capital and sign court-enforceable undertakings.The…

“Certainly money is being lent below banks’ cost of capital. We don’t think that’s sustainable in the long term,” he said.BoQ shares, which had fallen when the result was pre-announced last week, gained 1.1 per cent to $6.36. The company…

Banks have been paying out and reissuing debt to keep investors content even as they face higher funding costs and credit spreads – the difference in yield between debt securities of different credit quality – blow out on tier two…

“Stability and continuity at this time is really, really important,” he said.“Small things are spooking markets at the moment. The Australian banking system is very strong, we’ve got a really strong regulator … But we wanted to ensure that…

Bank of Queensland is expected to warn that ANZ’s planned $4.9 billion purchase of Suncorp’s bank will further entrench the major bank oligopoly in Australia, by removing a regional bank from the market.As the Australian Competition and…

Bank of Queensland executive chairman Patrick Allaway has sought to allay market concerns over the swift removal of former chief executive George Frazis, saying he is trying to stabilise the bank’s leadership and plans to improve its risk…

The company reported 3 per cent growth in expenses, factoring in around $14 million in savings from the acquisition of ME Bank, but that did not deter investors.“The costs were a little bit worse but the margins improving are more relevant…

Bank of Queensland has reported rising half-year cash earnings of $268 million and will pay shareholders a 22¢ interim dividend, as the lender pursues its integration of super-fund owned ME Bank amid uncertain economic conditions.BoQ on…