YOURSAY He claims to have resolved his bankruptcy, but was he discharged? Ramesh Rao to sue Sarawak Report over ‘bankrupt’ label Victor Johan: Ramesh Rao, you had previously in July 2015 admitted to being a bankrupt, and now you have travelled to a foreign land and claimed that your bankruptcy problem has been “resolved”. To…
The company with the licence to sell Jeep clothing and footwear in Australia has collapsed into voluntary administration. The collapse comes around 10 years after Jeep opened its first concept store in Melbourne through local licensee Revolution Brands. Revolution Brands appointed voluntary administrators last week, with Barry Wright from Cor Cordis Chartered Accountants acting as…
In Better Bankers, Better Banks: Promoting Good Business through Contractual Commitment, Claire A. Hill and Richard W. Painter provide an account of the changes to banking that encouraged the risk-taking that became a factor in the global financial crisis, and propose a solution: covenant banking. The authors suggestion of binding bankers to contracts that encourage accountability…
Strategic debt restructuring’ (SDR) is a new tool made available to banks and financial institutions by the Reserve Bank of India (RBI) in June 2015 for the recovery of non-performing assets (NPA). The joint lenders forum (JLF), a consortium of bankers and financial institutions, can take the SDR route to recover the loan…
MINNEAPOLIS (TNS) A growing number of companies are dangling a recruitment perk that is tailor-made for the millennial generation: debt relief. Free snacks and gym memberships dont hold the allure they once did for young people entering the working world. Buried under student loans of more than $29,000 on average, they want help. For this…
National Debt Relief shared in an article published January 21, 2016 shares some of the people’s commonly penned financial resolutions to start their year. The article titled “8 Financial Resolutions To Make For 2016” takes a look at these resolutions and explains how they can best help consumers save money. Phoenix, AZ (PRWEB) February 07,…
Better Bankers, Better Banks Book Review Better Bankers, Better Banks: Promoting Good Business through Contractual Commitment. Claire A. Hill and Richard W. Painter. University of Chicago Press. 2015. History is marked by many turning points which we may call critical junctures. The global financial crisis has been one example. The crisis underscored various deficiencies in…