https://www.afr.com/companies/financial-services/more-questi…
TLDR:
CEO couldn’t really explain much when he was asked if the financial crimes regulator is investigating the bank.
Interim dividend is cut to 20¢ while BoQ claims it has made good progress in strengthening its financial resilience with strong capital and liquidity buffers.
Looks like some OZB members chase for high savings interest and prefer BoQ over others.
https://www.ozbargain.com.au/deals/boq.com.au
Let's guess who is the Australian Silicon. LOL
https://www.apra.gov.au/financial-claims-scheme-0
The Financial Claims Scheme (FCS) is an Australian Government scheme that provides protection to deposit-holders with Australian incorporated banks, building societies and credit unions (known as authorised deposit-taking institutions or ADIs), and general insurance policyholders and claimants, in the unlikely event that one of these financial institutions fails.
The FCS is a government-backed safety net for deposits of up to $250,000 per account holder per ADI.
relax