Small rivals fear they will be squeezed out of regional markets by the same big institutions which have abandoned them.
Bank of Queensland
ASX:BOQ
Rising costs and competition are fuelling merger talks across the mutuals sector — and People First Bank is ready to make its next big move.
Politics keeps banks tied to branch networks, but consultants Kearney argue they could do far more to offset costs and boost mortgage sales.
Many banks are dealing with margin pressure, low revenue growth and signs of a turning credit cycle. But for Bank of Queensland, these problems are existential.
Some experts believe generative AI could have a bigger impact on the banking industry than the internet. And that might be underselling the impact.
After much fanfare, the Consumer Data Right in banking is doing ... not much. Now the ACCC is making veiled warnings of greater regulatory enforcement.
Investors expected a poor BoQ annual result but it was even worse than that. CEO Patrick Allaway insists the bottom is near.
