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Daily Dispatches: Aussies get to bash Bernie

The law firm representing investors attempting to recoup funds from Bernard Madoff plans to launch class actions on behalf of Australian companies and investors who lost millions of dollars to fraud and negligence on US financial markets. (Sydney Morning Herald)

Challenger Financial Services Group has made a bottom-line annual loss but says it’s well funded and poised to add to its investment management capabilities. (Business Day)

Just as a glimmer of hope emerges that the worst of the financial crisis is behind us, out comes the boss of one of the nation’s two banking pillars, followed by the head of federal Treasury, with warnings about a possible second wave. (The Australian)

A radical proposal that investor’s should be licensed before they can dive into the sharemarket has been presented to Federal Parliament. (Herald Sun)

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