ASX Announcements
Dividend Record Date, Dividend Pay Date, Dividend Rate
Change of Director's Interest Notice - Patrick Allaway
Change of Director’s Interest Notice
Notification regarding unquoted securities - BOQ
Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)
Periodic Reports - Other
Notification of cessation of securities - BOQ
Appendix 3H (Notification of cessation of securities)
February
George Frazis is back and wants to start a private credit fund
Two years after his acrimonious exit from Bank of Queensland, the former CEO has returned to corporate Australia with his own start-up brokerage.
January
BoQ’s business banking boss quits in blow to turnaround efforts
Chris Screen had worked at National Australia Bank and Westpac before joining the Queensland lender in 2019. The bank had planned to grow his division this year.
December 2024
What the average first home buyer looks like (according to the banks)
The country’s biggest lenders have offered a glimpse into their lending habits in the midst of a debate over whether to ease rules for younger borrowers.
Confidential documents outline BoQ’s profit targets
If hit, the bank’s cash profit will be well above what the market expects this year. But analysts have warned it has a poor track record of meeting goals.
Bank of Queensland slams rural branch levy as bad policy
Chairman Warwick Negus said larger banks would only get bigger and consumers worse off under Treasury’s proposed $350 million impost on the banking sector.
November 2024
Economists abandon hopes of RBA cutting rates in February
Economists at AMP, ANZ and Bank of Queensland have joined a chorus of forecasters expecting rate cuts no sooner than May.
BoQ drops bonuses for juniors as senior staff seize the pie
While the bank’s most junior employees will no longer be eligible for a bonus, senior bankers and executives will share in a bigger award pool.
BoQ plays hardball with staff bonuses to limit redundancy costs
The regional lending major is encouraging so-called natural attrition as it attempts to cut around 400 staff and restructure the business.
October 2024
Where have almost 30,000 finance jobs gone this year?
Pressure to keep costs under control have meant restructures across some of the sector’s biggest employers, putting it on track for the worst year since 2017.
BoQ under investigation for charging fees to dead customers
The regional lender is being investigated by the industry’s oversight body in a throwback to the findings of the financial services royal commission in 2018.
BoQ accused of short-changing franchisees in buyout
BoQ undervalued franchisee shopfronts in a corporate takeover push and artificially deflated commission payments, a letter to the board alleges.
Wong backs US threat; Mortgage wars return; $1b founder growth tips
Read everything that’s happened in the news so far today.
The mortgage wars are back. This bank is a casualty
Competitive intensity in the home loan market is stepping up again. The beleaguered Bank of Queensland is deliberately staying on the sidelines.
September 2024
George Frazis becomes the Madonna of banking
“George” is the banking equivalent of a triple threat: he can handle it all!
‘Do not speak to the media’: BoQ’s threat to aggrieved branch owners
Bank of Queensland has warned members of its franchise network not to speak publicly about the corporate takeover or they will face “consequence management”.
BOQ prepares for showdown with franchisees as it buys back branches
The bank has set aside $125 million to buy out branch owners in an abrupt reversal of its strategy.
August 2024
CBA business bank won’t ‘step on same landmines’ as home lending
Assaults on CBA’s position in the business banking market from Macquarie and other challengers are falling flat, claims executive Mike Vacy-Lyle.
‘Rivers of gold are gone’: BoQ and banking’s brutal new reality
Bank of Queensland boss Patrick Allaway says retail banking is in structural decline and big changes are needed. All bank investors should heed his warning.
Business model unsustainable, says BoQ, as it sacks 400 staff
The regional lender will take control of a long-standing franchise network in a $160 million bet on its survival.
‘Urgent’ $1.6b coal deal; BoQ to sack 400; $1b Aussie housing bet
Read everything that’s happened in the news so far today.