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ANZ sued by lawyer over “unfair” loan conversion

ANZ is being sued by Jason Edwards, partner at law firm Clearwater Capital Partners LLC, who claims his multi currency loan was unfairly converted by the bank, adding to his interest liability. Edwards’s loan value rose 47 percent to $4.2 million after the bank converted his U.S. currency and Japanese yen debt to the Australian dollar in November 2008 and…

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