This week, the National Australia Bank published its 2012 annual report, confirming that its net profit for the year had fallen by about 21%, mainly from higher bad and doubtful debt charges.
Buried deep…
A rare win for investors: Litigation funder IMF (Australia) helped fund a class action case against Grange Securities, which was found to have misled unsophisticated investors.
AAP
Justice Steven J. Rares was blunt when he handed down his judgement in the long-running class action, Wingecarribee Shire Council vs. Lehman Brothers Australia, last week.
Grange Securities, a subsidiary…
Founder of Storm Financial, Emmanuel Cassimatis, speaks before a parliamentary inquiry.
AAP
When financial planning firm Storm Financial collapsed with $3 billion in investment losses, many of its investors were left destitute.
A parliamentary joint committee inquiry into the company’s demise…
