Having worked for one of the major banks for 25 yrs, fraud by...

Having worked for one of the major banks for 25 yrs, fraud by staff was not uncommon. Personnel dept. worked on the assumption every branch had at least one staff member capable of some sort of fraud. IE: Bank tellers stealing cash, knocking off night safe wallets, emptying funds from dormant savings accounts, fictitious borrowings + numerous other elaborate methods of defrauding the employer or customer. If a BOQ owner manager defrauded $150K that would amount to small change from what I witnessed in my banking career. My point is I don't see the misappropriation of funds at BOQ as a deal breaker as the matter should have been dealt with by the fraud squad and customer reimbursed once fraud was found out. Not sure why this matter made the R.C. unless the customer was left holding the baby and very unhappy. (I have no reference to the circumstances)

Moving on - imo BOQ are in the spotlight as a T/O target. They have the worst performing share price of any of the banks in the past 12 months as published in this Saturday's Weekend Australian newspaper. I concur MQB have the expertise to facilitate any deal with the non majors. How interested are they? That's the million $ question. In the meantime its not a bad trading stock at the moment if that is of interest. DYOR.