Patrick Allaway News Today

Activist shareholders, grumpy regulators and politicians looking for someone to blame are likely to keep the heat on these leaders in the year ahead. 

The chair of Australian Retirement Trust has been appointed as non-executive director at the Bank of Queensland, commencing next month.

Plato Investments’ David Allen says the regional lender will “always struggle” despite a late-year rally that saw other short-sellers close off their positions.

Big deals, dud deals, scandals and success stories. In a year of high drama and big market moves, we look back at the winners and losers.

Several influential voting advisers had recommended against re-electing the lead risk director, citing action taken by two regulators.

Bank of Queensland chairman Warwick Negus yesterday apologised to shareholders for manifold risk management failures at the company but rejected calls from shareholders for the board to ditch PwC as its auditing firm.

Many finance executives take out home loans with their employer, but few disclose $42 million in commercial loan exposures.

Bank of Queensland boss Patrick Allaway blames the economic cycle, margin pressures across the industry and higher cost of funding for its weaker results.

Bank of Queensland shares fell nearly 5% on Wednesday, as the lender cut its dividend after annual profit plunged by about 70% amid depressed mortgage lending, and flagged margin pressure....

SYDNEY—Bank of Queensland’s disappointing annual earnings and lending margins were affected by challenging economic conditions rather than management changes…