Bank class action linked to The Big Short

One of the US hedge funds behind the class action filed against Australia's largest banks was the inspiration for the book and film The Big Short.

Racketeering, wire fraud: Australian banks sued in US

'Rare smoking-gun evidence'' has led two US hedge funds and a derivative trader to sue Australia's big four banks and Macquarie Group in New York.

Big banks could lose billions from 'reckless behaviour'

Australia's major banks could stand to lose billions from being caught up in an international lawsuit – launched by two US hedge funds and a derivative trader – over alleged rate rigging.

Oswals, ANZ agree to settle

The legal battle between ANZ and billionaires Pankaj and Radhika Oswal is close to ending after the parties agreed to an in principle settlement.

Explosive testimony in Oswals v ANZ

The ANZ Bank has re-entered settlement discussions with Pankaj and Radhika Oswal after explosive testimony from Mrs Oswal.

Racism, headlocks, orphans: ANZ's dirty laundry aired in court

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There's an old adage in corporate litigation – settle lest your dirty laundry be aired. It seems ANZ Bank missed the message.

ANZ executive told Oswals 'your children will be orphans', court hears

ANZ chief legal officer Bob Santamaria told the wife of billionaire businessman Pankaj Oswal, Radhika, that she and her husband and their children would be "orphans" if they did not sign a guarantee over her $1 billion stake in the couple's Burrup Fertilisers business, a court has heard.

'No, it's not my signature', Radhika Oswal tells court

An allegedly forged signature, a finishing school in Switzerland and a fake fur coat – the battle between ANZ Bank and flamboyant Indian couple Pankaj and Radhika Oswal is heating up.

Settlement on cards? Radhika Oswal's testimony delayed

The crucial testimony of an Indian billionaire Radhika Oswal regarding her alleged mistreatment by the ANZ Bank has been delayed, fuelling speculation the two parties are locked in settlement talks.