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ASX bank share price hammered after missing pay revealed – Motley Fool Australia
Bank of Queensland shares are in a freefall after shock announcement to the market.
Yet another employee underpayment crisis has struck, sending one bank’s shares tumbling on Tuesday.
Bank of Queensland Limited(ASX: BOQ) stock had dived 6.6% at the time of writing, to trade at $5.93. The shares were as high as $7.68 in February.
The freefall came as the company admitted an employee pay review uncovered “irregularities” in remuneration and superannuation payments.
BOQ announced it would charge an expense of $11 million to its 2020 financial year bottom line because of the dis…
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