Two thousand investors in failed Great Southern managed investment schemes will be forced to repay their loans after the Supreme Court of Victoria upheld a settlement that will see the investors get back just $23.5 million.
National Australia Bank and the Commonwealth Bank have followed the lead of ANZ and Westpac, hiking interest rates above that prescribed by Australia's central bank and blaming higher funding costs
Bendigo and Adelaide Bank says there's "nothing new" in a statement of claim against it lodged in the Federal Court by Sydney law firm DC Legal on behalf of investors in the Great Southern managed investment schemes.
Bendigo and Adelaide Bank says it is looking forward to its day in court after law firm Macpherson and Kelly launched a second class action against failed agribusiness investment manager Great Southern.
