London | England’s high court has begun hearing a case brought by four small business owners, who say National Australia Bank and its former British unit Clydesdale & Yorkshire Bank, now known as ASX-listed Virgin Money, crippled them financially through allegedly mis-selling fixed-rate business loans.
The 11-week trial, in which hundreds of millions of dollars could be at stake, began on Monday.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
