AN IPSWICH mum admitted to a colleague she was systematically stealing thousands from her Riverlink employer to pay a gambling debt. Kelly Anne Mackney told a person she worked with she was “constantly robbing Peter to pay Paul” before she was caught for stealing $4669 from the Ipswich Riverlink Rivers store. Mackney didn’t deposit money…
The Turkish exile owner of the British luxury smartphone brand Vertu plans to put its manufacturing arm into administration to wipe out heavy debts. Representatives of Paris-based Murat Hakan Uzan met concerned staff at Vertu Corporation Ltd (VCL) headquarters in Hampshire this afernoon, to reveal plans for a pre-pack deal. He will attempt to secure…
Rising mortgage debt is affecting everything from employment to spending, as Australians approach retirement, our study finds. Higher levels of housing debt among pre-retirees are linked to them working for longer. We found for a home owner aged 45-64 years, the chances of being employed are around 40% higher for every additional $100,000 in mortgage…
Banca Monte dei Paschi di Siena expects to close the sale of 26bn of bad loans within days following a last-ditch bid from Italys industry-backed rescue fund to revive a deal that looked to have collapsed. A deal to would unlock billions of euros of public funds to recapitalise MPS, save the Tuscan bank from…
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PTI New Delhi , June 29, 2017 16:03 IST Updated: June 29, 2017 16:04 IST “; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case “small”: device =…
State Bank of India initiated the corporate insolvency resolution process and filed the documents with NCLT, Kolkata, against the company under the Insolvency and Bankruptcy Code, 2016. ‘).appendTo($(‘#gta_top’));$(”).appendTo($(‘#gta_top’));},3000);} else if (google_ads.length > 1) {s += ”;}s += ‘ ‘}}return;}google_ad_client = “pub-7641565019577886”;google_ad_slot = “8438645248”;google_ad_width = 620;google_ad_height = 70;google_max_num_ads = 1;google_ad_type = ‘text’;google_ad_output = ‘js’; Electrosteel Steels…
New Delhi, June 29: Top lender SBI and other creditors have moved insolvency proceedings against Kolkata-based Electrosteel Steels at the National Company Law Tribunal (NCLT). State Bank of India initiated the corporate insolvency resolution process and filed the documents with NCLT, Kolkata, against the company under the Insolvency and Bankruptcy Code, 2016, Electrosteel Steels said…
Rising mortgage debt is giving a productivity boost to the Australian workforce as it is keeping older workers out of retirement, a new report from housing research body Ahuri says. Older people were more likely to be working for every $100,000 of additional mortgage debt they had, Curtin University professor Rachel Ong told Ahuri’s housing…
Jun 29, 2017 02:04 PM IST | Source: PTI State Bank of India initiated the corporate insolvency resolution process and filed the documents with NCLT, Kolkata, against the company under the Insolvency and Bankruptcy Code, 2016, Electrosteel Steels said in a regulatory filing. Top lender SBI and other creditors have moved insolvency proceedings against Kolkata-…