Adelaide Bank is making an aggressive play for growth in business lending, announcing cuts to variable and fixed rates on its SmartSuite range of commercial loans. Rates have been reduced by as much as 75 basis points, and application fees have been reduced too. The SmartSuite loans are sold through brokers.The action group Unhappy Banking has confirmed that it will go ahead with a class action against Commonwealth Bank over its handling of Bankwest customer accounts, according to the Australian Financial Review. The group has secured funding to seek damages. Unhappy Banking claims that CBA triggered defaults on Bankwest loans as a way of reducing the purchase price of the bank it bought in 2008.