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Equities analysts have slashed their estimate of the company’s value, suggesting the cost of remediation programs demanded by regulators could blow out.
Bank of Queensland has breached prudential standards and fallen short in its compliance with anti-money laundering laws.
Bank of Queensland CEO Patrick Allaway has serious questions to answer as to how risk management shortcomings were allowed to fester for years.
The move by regulators to force Bank of Queensland to improve risk management and anti-money laundering further reduces ANZ’s chances of snaring Suncorp’s bank.
The Bank of Queensland Limited (ASX: BOQ) share price has gone through pain in the last month. Is this a buying opportunity?