©Reuters UBS is planning to merge large parts of the back and middle-office functions in its wealth management business, in a move that will save the Swiss group several hundred million francs a year and will result in hundreds of job cuts in its initial stage. Three people familiar with the plans told the Financial…
THE financial health of Scottish business is improving with corporate insolvencies falling, the latest Scottish insolvency statistics reveal. The upbeat snapshot was revealed from the most recent quarterly figures compiled by Accountant in Bankruptcy (AiB), the body responsible for administering the process of personal bankruptcy and recording corporate insolvencies in Scotland, for the fourth quarter of…
CLEVELAND, Ohio – Ohio has one of the highest percentages of problem gamblers in the country, according to a new analysis. WalletHub, a personal finance website, examined the percentage of adults with gambling disorders, presence of gambling-addiction treatment programs an number of gambling-related arrests per 100,000 population. Ohio tied for fourth with New Jersey behind…
Im only here because this country gave me a chance through education. We are here today because we believe that in America, no hardworking young person should be priced out of a higher education. This country has always made a commitment to put a good education within the reach of young people willing to work…
Intel said today it will lay off 12,000 employees, but its first fiscal quarter results arent all that bad. The results are a bellwether for the PC industry, which is struggling in the age of mobile devices. But the layoffs may signal that there are more changes and strategy shifts ahead for Intel, the worlds largest…
Suggests Insolvency Code should apply on foreign assets of personal guarantor too New Delhi, April 28: In an employee friendly move, a Parliamentary Panel has pitched for faster and enhanced payment of workmen dues and employee wages in the corporate insolvency process. Not only has the Joint Committee on the Insolvency and Bankruptcy Code 2015…
The number of people going into a type of personal insolvency known as “bankruptcy light” is expected to have increased during the first three months of 2016 in official figures released on Friday. The Insolvency Service will publish figures showing the number of people going insolvent between January and March. There are three types of…
TOKYO: Japanese electronics maker Sony Corp on Thursday reported its biggest annual operating profit since fiscal 2007 due to cost cuts in its struggling smartphone business and brisk demand for PlayStation 4 videogames. Operating profit more than quadrupled to 294.2 billion yen (US$2.70 billion) for the year ended March, roughly in line with the firm’s…
To help graduates facing student loan payments after graduation, the accredited college has partnered with the Loan Repayment Assistance Program Association to provide significant assistance for students who attend and graduate from Boise Bible College wi Bonnie Shelton, KTVB 9:31 PM. MST April 27, 2016 Boise Bible College. (Photo: Ryan Hilliard/KTVB) BOISE — As the…
An Indian parliamentary panel approved a bill aimed at overhauling century-old bankruptcy regulations, taking a key reform measure aimed at improving ease of doing business closer to implementation. The panel, comprising members from the ruling as well as opposition parties, proposed that the Insolvency and Bankruptcy Code should include laws to seize overseas assets of defaulting…