Failed lender Strategic Finance settlement sum gets small boost after action against insurer

Mon, 08 May 2017

By Rebecca Howard May 8 (BusinessDesk) - Failed lender Strategic Finance's near-three-year-old $22 million settlement got a small cash injection after action against an insurer, receivers said. Receivers John Fisk and David Bridgman of PwC said an additional $1.03 million has been added to the settlement sum, under the terms of the deal between the Financial Markets Authority and the failed lender, they said in their latest report. The receivers noted no public or receivership monies were used to fund the claim. According to the report...

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