Page 4 - Patrick Allaway News Today

BoQ had a big broker syndicate taking expressions of interest for its five-year AUD floating rate bond deal on Friday afternoon.

Profits after tax crashed to just $4million in the first half of the latest financial year after the bank was hit by two big one-off costs, totalling $260million.

The Bank of Queensland Ltd (ASX: BOQ) share price is in the green. Here’s what the ASX 200 bank reported on its half-year results.

ME Bank integration in final stage.

Questions remain about when the meetings would occur and whether banks will undertake more out-of-cycle interest rate moves.

Following disappointing pre-released interim results, brokers await more detail this coming Thursday

Bank of Queensland Ltd (ASX: BOQ) shares are falling on news of an expected $4 million first-half profit and a $260 million hit.

CEO Patrick Allaway defends the decision to release the information before next Thursday’s results, saying ‘it is appropriate for the stock to trade’.

Bank of Queensland’s mere mention of Home Building Society, a WA lender it bought in 2007, opened an old can of worms and underscored a depressing point for investors. 

Bank of Queensland will test the regulator’s resolve to act on banks that recall tier two debt early.