Bank of Queensland
BoQ shares hit 17-month high as ailing bank backs off from mortgage wars
Bank of Queensland will pivot from its pursuit of a bigger slice of the mortgage market to the more profitable business bank division as it tries to turn things around.
- by Sumeyya Ilanbey
Latest
‘Clock is ticking’: Can Allaway convince investors BOQ has turned a corner?
In an environment where Australians are starved for competition, there are questions about where BOQ fits and how it will survive.
- by Sumeyya Ilanbey
‘Death by a thousand cuts’: Bank of Queensland slashes up to 400 jobs
The Bank of Queensland will axe up to 400 jobs and acquire more than 100 franchised businesses in a move its chief executive Patrick Allaway says is aimed at simplifying the business.
- by Sumeyya Ilanbey
Banks not doing enough to help struggling borrowers, says ASIC
As the number of customers falling behind on their repayments rises, the watchdog says too many people in hardship are finding it hard to get help.
- by Clancy Yeates
BOQ profits stifled as inflation, higher funding costs shred margins
The bank unveiled a cash profit of $172 million in the six months to February 29, down 33 per cent compared to the first half of last year.
- by Sumeyya Ilanbey
Bank profit margin crunch to continue as customers shift deposits
Bank margins will continue to dwindle in the first half of this financial year, analysts say, as customers move their savings into higher-interest offerings.
- by Millie Muroi
BOQ shareholders reject executive pay after ‘difficult year’
Bank of Queensland shareholders delivered a blow to the company’s remuneration report as the bank warned of growing economic risks in the year ahead.
- by Millie Muroi
BOQ shares hit 16-month low as margin pressures intensify
Bank of Queensland boss Patrick Allaway blames the economic cycle, margin pressures across the industry and higher cost of funding for its weaker results.
- by Millie Muroi
Updated
AUSTRAC
Investors dump BOQ after compliance failures revealed
Regulators say Bank of Queensland has breached prudential standards and fallen short in its compliance with anti-money laundering laws.
- by Clancy Yeates
Interest rates stress on the rise, warns BOQ chief
Bank of Queensland chief executive Patrick Allaway says more customers will face financial stress as interest rate rises hit the economy.
- by Clancy Yeates
BOQ cuts dividend as $200 million writedown wipes out profit
The Bank of Queensland expects net profit of just $4 million following a $260 million hit to its bottom line, but will issue an early payout to bondholders.
- by Millie Muroi
Original URL: https://www.watoday.com.au/topic/boq-8b