A division of the taxpayer-owned RBS bank which was meant to help companies in trouble mistreated many of its clients but did not try to profit from their distress, according to a leaked report by the regulator, the Financial Conduct Authority. According to the report, seen by the BBC, investigators found inappropriate action by Global…
The solicitor in this story, John James Kotsifas of Northcote law firm J Kotsifas & Associates, is in no way professionally related to Melbourne solicitor John Andrew Kotsifas of JK Legal Barristers and Solicitors. John Kotsifas appeared to be a typical suburban lawyer, grinding away his hours handling wills and conveyancing in a small office…
Bad loans have now increased by 135 per cent from Rs. 2, 61,843 crores in the last two years. A non-performing asset, or merely NPA, is well-defined as a credit facility for which the interest or the instalment of principal or both, has remained overdue for a specified period of time. In other words, an…
Tracy Standish ran a family business, Bowlplex, that his father had started in Poole. The business, which was healthy until the recession hit, banked with RBS. The firm had 18 outlets when the global downturn began, but the recession was “dramatic in its impact”, he said. “It just stopped foot flow in the most dramatic…
“Ask Brianna” is a column for 20-somethings or anyone else starting out. I’m here to help you manage your money, find a job and pay off student loans – all the real-world stuff no one taught us how to do in college. Send your questions about postgrad life to [email protected] . This week’s question: “My…
Topbonus, the frequent flyer programme that Air Berlin sold to Etihad, has followed the troubled German carrier in filing for insolvency, leaving its 4.5m customers unable to use their points despite government intervention to keep Air Berlins planes in the air. The frequent flyer scheme has been a separate company 70 per cent owned by…
Sydney madam Jamelie Lahood pursued over tax bills The interior of a room at Stiletto Bordello. Photo: Fiona Lee Quimby The interior of a room at Stiletto Bordello. Ms Lahood is said to owe the NSW government more than $190,000 in unpaid land tax. Photo: Fiona Lee Quimby Preparation to clean a room after the…
The solicitor in this story, John James Kotsifas of Northcote law firm J Kotsifas & Associates, is in no way professionally related to Melbourne solicitor John Andrew Kotsifas of JK Legal Barristers and Solicitors. John Kotsifas appeared to be a typical suburban lawyer, grinding away his hours handling wills and conveyancing in a small office…
The solicitor in this story, John James Kotsifas of Northcote law firm J Kotsifas & Associates, is in no way professionally related to Melbourne solicitor John Andrew Kotsifas of JK Legal Barristers and Solicitors. John Kotsifas appeared to be a typical suburban lawyer, grinding away his hours handling wills and conveyancing in a small office above a Northcote massage parlour. Photo: Vince…
Two businesses connected to David J. Brown, the startup founder ousted from ad tech startup Ve Interactive, have gone into liquidation with hundreds of thousands of pounds owed to staff and HMRC. The two firms are boutique shop Clerkenwell London, and high-end furniture maker Tree Couture. Their insolvency marks the continued unravelling of Browns business…