Members Equity Bank

Bank of Queensland has handed in ME Bank’s banking licence to APRA, after completing the transfer of all assets and liabilities from ME to BOQ. read more

• John Kavanagh

There has been a change in young Australians’ financial goals, with a significant increase in the number who want to invest in a business. read more

• John Kavanagh

ME Bank’s new owner has some work to do to get its acquisition firing, after ME lost ground in mortgage and personal lending, and credit cards in the year to June. read more

• George Lekakis

ASIC’s criminal case against Members Equity Bank in the Federal Court is shaping as another watershed moment in the regulation of banks and credit providers across the country. read more

• Banking Day staff

Bank of Queensland completed its A$1.3 billion acquisition of ME Bank yesterday. read more

• George Lekakis

ME Bank is reviewing loan approvals given to borrowers in flood-affected regions of Victoria to determine whether properties they are about to acquire have suffered damage. read more

• Banking Day staff

Completion of the Bank of Queensland’s acquisition of ME Bank is expected on July 1, now Treasury has approved the deal. read more

• Bernard Kellerman

ASIC has filed charges against Members Equity Bank Limited in the Federal Court, alleging the bank made false or misleading statements. The corporate regulator is also taking action against AMP in the.. read more

• John Kavanagh

ME Bank has been called out by the Banking Code Compliance Committee over the way it handled adjustments to its redraw accounts. read more

• George Lekakis

ME Bank’s “mystifying” decision to bin phone banking could result in customers ditching the bank, warn channel management and banking experts. read more

• George Lekakis

Despite expressing doubts last year about re-entering the financial services industry, former ME Bank chief executive and first class cricketer Jamie McPhee has returned to the sector with bat and bal.. read more

• John Kavanagh

Bank of Queensland has completed the final stage of a A$1.3 billion equity raising to fund its acquisition of ME Bank, announcing yesterday that the retail component of the entitlement offer closed af.. read more

• George Lekakis

ME Bank is facing potential legal action from ASIC over failing to notify thousands of home borrowers that their fixed rate loans were due to expire and be repriced at variable rates. read more

• George Lekakis

Bank of Queensland’s share price rallied strongly on Tuesday after institutional investors swung behind the planned $1.32 billion buyout of ME Bank. read more

• Ian Rogers

Bank of Queensland is staking its future on a multi-brand strategy with confirmation yesterday of terms for a $1.325 billion all-cash offer from BOQ for ME Bank. read more

• George Lekakis

ME Bank is paying dividends at last, and “adjustment payments” will raise the cost to BOQ. read more

• George Lekakis

Industry funds are set to part ways with ME Bank as negotiations for a sale of the business continued on Wednesday with the Bank of Queensland. read more

• Ian Rogers

Three freaky banking industry exits in three weeks in Australia. And two more by the weekend's done, a fair chance. It's almost a rebirth of the Melbourne banking bust of April and May 1893, the rush.. read more

• George Lekakis

‘The strategic logic for a BoQ buyout of ME is overwhelming and appears likely to induce a premium bid.’ read more

• John Kavanagh

ME Bank’s acting chief executive Adam Crane has been appointed to the role on a full-time basis. read more