Bank of Queensland shares smashed as profit falls 70 pc; I speak with CEO Patrick Allaway

It was a horror ride on the sharemarket yesterday for Bank of Queensland after its full year profit plunged by a massive 70 percent with signs of stress emerging in its mortgage business. The regional bank has also been plagued by reputational problems after its high-flying chief executive George Frazis suddenly left the company late last year. I speak with former chair Patrick Allaway who's now the new CEO.