The Supreme Court of New South Wales will hand down its judgement tomorrow in a case bought by a group of former owner-managers against the Bank of Queensland. The action has its genesis back in 2004, when BOQ entered the New South Wales market using a branch-franchising business model. The former owner-managers of the bank branches (OMBs) have brought their claim against BOQ on the grounds that they were misled by senior bank executives, who implemented an expansion plan that was based on a superficial business analysis, overly optimistic projections that were never properly tested, and a failure to acknowledge the bank's competitive disadvantages. Another quarter of declining pre-paid mobile sales in Australia has forced Euronet Worldwide to take an impairment charge on its epay service. Euronet said the financial contribution of epay's mobile phone recharge product "has not replaced the earnings impact from the change in mobile operator strategies in Australia." It recorded a non-cash goodwill impairment charge of US$18.4 million. Commonwealth Bank has launched an issue of residential mortgage-backed securities, seeking A$750 million of funding. Medallion Trust Series 2014-1 includes a soft bullet tranche (the notes have a fixed maturity date and no principal is repaid during the term). The average loan-to-valuation ratio of the loans in the pool is 60.4 per cent.