Briefs: Gippsland case drags on, Lloyds sells and NAB cuts 29 August 2013 4:47PM Briefs, The future of non-bank lender Gippsland Secured Investments remains undetermined, with Justice Kathleen Farrell, of the Federal Court, holding a further hearing at short notice yesterday. GSI and its trustee, The Trust Company, will return to court on Monday for a further hearing. Trust wants the court to appoint a receiver to GSI, which has suspended payments to investors. Lloyds Banking Group has agreed to sell a A$371 million portfolio of loan assets from its Australian unit, BOS International Australia, to Bain Capital's Sankaty Advisors. National Australia Bank has cut around 570 jobs so far this year in its cost-cutting drive, the Financial Review reported. The estimate is based on a tally by the Finance Sector Union, which says 438 NAB has cut positions as a result of restructuring so far in 2013. Another 133 roles have been outsourced to overseas workers, taking the total to 571. More job losses are expected over coming weeks.