Bendigo and Adelaide Bank has launched a $300 million capital raising and slashed its interim dividend as rising costs weigh heavily on its first-half result, while NAB says it will raise about $750 million to refinance debt, as it seeks to meet toughened capital requirements.
The Australian Securities and Investments Commission is launching legal action against the Bendigo and Adelaide Bank and Bank of Queensland amid allegations of unfair small business lending terms.
Cash Converters International has appointed Bank of Queensland's Sydney-based group executive, Brendan White, as its new chief executive, starting in March next year.
Bank of Queensland has lifted its full-year cash profit 5 per cent to $378 million, delivering shareholders a surprise special dividend on stronger second-half lending growth.
The corporate watchdog has banned a former Northbridge-based bank manager from providing financial services for stealing up to $515,000 during his tenure.
Former Bankwest managing director Jon Sutton has been appointed Bank of Queensland's new chief executive, following the departure of Stuart Grimshaw in September last year.
A director of corrective services who helped implement a GPS tracking system for sex offenders has been named the Telstra Western Australia Business Woman of the Year.
The rating of Australian banks by their business customers has declined sharply over the past five years, with one of the few exceptions being Bank of Queensland.
THE Bank of Queensland will use Western Australia as a testing ground for a return to the use of mortgage brokers and a new branch model in an attempt to firm up its bottom line.
WA's largest locally owned banking institution Police & Nurses Credit Society has announced that it will follow the Reserve Bank, cutting the full interest rate on its variable home loan produc
Last week's takeover of United Credit Union continues a long run of Western Australian financial institutions falling prey to interstate and overseas predators; but surprisingly, this trend has done little to dampen competition.
The Home Building Society Ltd brand could disappear as early as September next year after shareholders today voted in favour of its $600 million takeover offer from the Bank of Queensland Ltd.
The directors of Home Building Society Ltd have moved to reassure shareholders that its proposed merger with Bank of Queensland would not be affected by BOQ's failure to complete a separate merger with Mackay Permanent Building Society Ltd.
Home Building Society chairman Tony Howarth has been invited to join the Bank of Queensland board, subject to BoQ's recommended $592 million takeover of Home proceeding.
The board of Home Building Society Ltd has recommended its shareholders accept a takeover proposal from Bank of Queensland Ltd that values the Perth-based financial services player at $592 million.
Bank of Queensland's Western Australian branches will expand to five next month, with former BankWest employee Gui Pierre opening an owner-managed branch in Midland.
