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David and Goliath battle for ME Bank post Bendigo withdrawal

Updated

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It’s little bank vs big bank in the quest for industry super-owned lender ME Bank.

As ME Bank’s secret auction draws to a close, it has descended into a two-horse race between George Frazis’ team at Bank of Queensland and Melbourne heavyweight ANZ Banking Group, as first reported by Street Talk on Sunday.

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
Tim Boyd is a journalist, based in Sydney, who writes for the Street Talk column. Connect with Tim on Twitter. Email Tim at tim.boyd@afr.com

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Original URL: https://www.afr.com/street-talk/david-and-goliath-battle-for-me-bank-20210214-p572ab