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Bank of Queensland Flags Second-Half Profit Hit on Restructuring, Integration Costs

Por: MarketWatch Business September 29, 2023

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BOQ said it would recognize A$50 million, or A$35 million after tax, of noncash restructuring costs covering redundancy-related costs and property and technology impairments incurred as part of a groupwide operating model review. Separately, the ME integration costs would result in a A$44 million impact. Redundancy-related costs of around A$25 million cover approximately 250 roles across the group in fiscal 2023 and the first quarter of fiscal... + full article



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