Business

Bank of Queensland

Bank hoses down claims on recovery

Alison Bell Bendigo and Adelaide Bank Ltd has hosed down claims that securitisation markets have recovered enough to lift bank competition.

ASIC to discuss a resolution for Storm

ASIC has begun talks with victims of the collapsed investment group Storm Financial to determine if a commercial resolution can be reached for compensation.

Liddy's last hurrah may produce big deal for BOQ

Danny John Bank of Queensland chief executive David Liddy is looking to pull off one more sizeable acquisition before he brings down the curtain on a 40-year career in banking.

HSBC intensifies push into Asia

Eric Johnston The local arm of HSBC aims to drive its giant Asian banking franchise even harder, particularly its Chinese business, as it looks to lure business customers away from Australian rivals.

BoQ boss laments lingering cost of guarantee

Danny John THE lingering effects of the federal government's soon-to-disappear bank funding guarantee will cost the Bank of Queensland $30 million a year in pre-tax profits and hamper its competitive position...

QBE needs to make its mark

Adele Ferguson The earthquake that hit Chile at the weekend and put nearly a quarter of the world on tsunami alert is a chilling reminder that investing in insurance companies is high risk.

BOQ issues $1b of govt guaranteed bonds

Bank of Queensland Ltd (BOQ) has issued $1 billion of government guaranteed bonds before the window to sell guaranteed debt closes.

BOQ appoint Kangatharan as new COO

Bank of Queensland Ltd appointed chief financial officer (CFO) Ram Kangatharan as its chief operating officer (COO) to oversee the daily operations of the bank.

Rejig hints at BoQ succession plan

Eric Johnston Bank of Queensland has moved its chief financial officer Ram Kangatharan into the newly appointed role of chief operating officer, giving the strongest indication yet of succession planning at the...

For Storm victims and CBA, nothing is simple

Elizabeth Knight A tarnished reputation may get a polish, but some mud from the Storm collapse will stick.

Storm clients to target other lenders

Evan Schwarten Clients of failed financial services giant Storm Financial have vowed to take the fight to other banks who dealt with the firm.

CBA to pay Storm victims $200m

Storm Financial and CBA

Stuart Washington The Commonwealth Bank has agreed to make substantial payments - possibly more than $200 million - to compensate victims caught in the Storm Financial collapse.

Other deals on the way for Storm clients

Storm Financial Group

Major banks are working to settle disputes with former clients of Storm Financial following a landmark deal between the Commonwealth Bank and devastated investors.

Right place, right time for Snowball's chances

Ian Verrender A great many skills are involved in running a financial institution.

Storm victims mull $200m offer

Courtney Trenwith Hundreds of Storm Financial victims expected to knock back CommBank compensation.

ANZ agrees to Storm bailout deal

Danny John ANZ will follow the Commonwealth Bank in putting forward a compensation deal to settle claims made against it by investors caught up in the collapse of Storm Financial.

Recovery in mortgage securities

Danny John A recovery in securitisation markets is gathering pace.

Asian stocks retreat on China doubts

Asian stocks fell for the first time in a week, led by commodity producers after BlueScope Steel swung to a loss and China bolstered steps to curb inflation.

Good first-half result tipped for Bendigo

Alison Bell Bendigo and Adelaide Bank tipped to deliver an upside earnings surprise driven by recovery in interest margins.

Bendigo bank tipped for revenue surprise

Alison Bell Bendigo and Adelaide Bank is tipped to deliver an earnings surprise driven by a rebound in interest margins when it reports 2009/10 1H profit next week.