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|Bank of Queensland has acquired industry super-owned ME Bank for $1.325 billion. The move sees BOQ acquire 100% of ME Bank for $1.325 billion cash, funded by an underwritten capital raising of $1.35 billion. The price represents 1.15 times ME's ...|
|Former Cbus Super chief executive David Atkin, who r ecently joined AMP Capital , has just added a board position at ME Bank. David Atkin joined the industry-fund-owned bank's board as a non-executive director on January 1, alongside Westpac's ...|
|ME Bank has promoted its acting chief executive to the role permanently, following Jamie McPhee's resignation earlier this year. Adam Crane joined the bank as chief financial officer in 2019 and was promoted to acting chief executive in July following ...|
|... of Powerwrap. Was previously chief executive - lending at AXA before going onto being the founding chief executive of ME Bank for nine years. Praemium chair Barry Lewin said the board is delighted to welcome Wamsteker. "With the successful takeover of ...|
|Despite all the challenges of 2020, ME Bank has managed a positive full year result with the bank determined to stick to its simple model. The bank had a statutory NPAT of $80.8 million in 2020, up 20% on last year's results. Its underlying NPAT was ...|
|... worked as a general manager of member engagement at ESSSuper, having previously worked as a national parternship manager at ME Bank. Weldon has also previously worked with BPM Financial Modelling, Prescience Technology, Ernst & Young, the London Stock ...|
|The odds of a country suffering a banking crisis are 2.5 times higher if it is affected by a conflict, according to research from the International Monetary Fund (IMF). IMF economist Rasmane Ouedrago and senior resident representative in South Africa ...|
|... increased to near record highs throughout the pandemic as a result of government fiscal stimulus measures, according to ME Bank's latest Household Financial Comfort Report. Household financial comfort increased 3% to 5.76 out of 10 in the six months ...|
|ME Bank chief executive Jamie McPhee has resigned after weathering scrutiny over the bank's adjusting of redraw facilities for mortgage customers and its relationship with the industry funds that own it. McPhee, who has been chief executive for ...|
|The US Department of Financial Services (DFS) has hit Deutsche Bank with a US$150 million penalty for the bank's relationship with disgraced financier Jeffrey Epstein. This marks the first enforcement action by a regulator against a financial institution ...|
IOOF expects to spend up to $32 million on paying out Buyer of Last Resort arrangements with financial advisers leaving its network, primarily from Bridges Financial Services.
Link Group is now exploring the possibility of listing PEXA despite recently flagging there was strong interest from other parties in buying the property settlement platform.
PIMCO has named a new lead for its Asia Pacific business as part of an executive shuffle announced overnight.
Even before the COVID-19 vaccine arrived in Australia, it was clear we were returning to pre-pandemic normality, and latest stats back this.
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