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Talk grows of major bank acquisition deal Is Bank of Queensland well advanced with plans to acquire a rival bank in a deal that could easily top $1 billion? Business by Anthony Marx Premium Content Subscriber only All the latest news and gossip from Brisbane s business movers and shakers. this is City Beat: BANKING MARRIAGE Is Bank of Queensland well advanced with plans to acquire rival ME Bank in a deal that could easily top $1 billion? That s the word from City Beat spies, one of whom reports he overhead a BoQ top gun in a Bondi café last week discussing the fact that they are close to making an announcement. ....
ME makes Crane’s role permanent ME makes Crane’s role permanent 18 December 2020 6:14AM ME Bank’s acting chief executive Adam Crane has been appointed to the role on a full-time basis. Crane was the bank’s chief financial officer when, in July, he stepped up to the acting CEO role following the departure of long-serving CEO Jamie McPhee. McPhee left in the wake of a backlash over poorly handled changes to the redraw limits of some customers. The bank later agreed to restore the redraw limits of affected customers. ME chair James Evans said in a statement: “When Adam joined ME Bank as CFO in August last year, the CEO at the time and the board had succession planning in mind. Adam’s depth of experience across finance, strategy and digital transformation made him the standout candidate at the time.” ....