Banks question

[mime]

Are banks like bank of Queensland, Adelaide and Bendigo only allowed to trade in their respective states?

 

[Warren Buffet II]

Are banks like bank of Queensland, Adelaide and Bendigo only allowed to trade in their respective states?

Nope, you can invest in any company that is listed in the sharemarket even if you are an overseas person. No restriction that I know.

WBII

 

[mime]

No I mean can they only do business in their respective states?

 

[bowser]

I assume the answer is no. Bank of Queensland & Bendigo have branches in adelaide.

http://boq.findnearest.com.au/findn...ginlocalityid=&UsePrimaryOrigin=true&x=43&y=3

 

[rub92me]

Are banks like bank of Queensland, Adelaide and Bendigo only allowed to trade in their respective states?

They can trade whatever they like wherever they like, as long as it is in line with Australian Banking regulations.

 

[Smurf1976]

I assume the answer is no. Bank of Queensland & Bendigo have branches in adelaide.

http://boq.findnearest.com.au/findn...ginlocalityid=&UsePrimaryOrigin=true&x=43&y=3

Bendigo Bank also has branches in Tas so they've spread well beyond Bendigo and for that matter outside of the state too.