Business Services Industry
BoQ's $2.7bn Bendigo bid tests bank models.
Australasian Business Intelligence, April, 2007
Byline: Richard Gluyas
Apr 09, 2007 (The Australian - ABIX via COMTEX) -- The Bank of Queensland (BoQ) has claimed that it shares common values with its takeover target, Bendigo Bank. The proposed merger has been driven by "shared philosophies" such as an understanding of the importance of community, according to BoQ CEO David Liddy. This may prove problematic for those who perceive that the bank pays too much attention to staff and customers rather than concentrating solely on shareholders.
Publication Date: 10 April 2007
BANK OF QUEENSLAND LIMITED - ASX BOQ BENDIGO BANK LIMITED - ASX BEN JP MORGAN AUSTRALIA LIMITED ST GEORGE BANK LIMITED - ASX SGB CITIGROUP
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