This content is made possible by our sponsor; the views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. A crushing debt may be the result of unexpected and unavoidable setbacks in life, from a medical problem to the loss of a job.…
A couple who took £7m from thousands of customers who sought help from their debt management firm but spent much of the money on lavish holidays and cars have been banned from the UK financial services industry for life by the sectors regulator. Adrian and Christine Whitehurst, nicknamed the vampires of debt, set up First…
Unfortunately, insolvency is no stranger to IT companies. Although it has never been one of the most at-risk industries, failure rates in the information and communication sector have traditionally been quite high, with some businesses, such as IT consultancies and software developers, suffering more than most. The majority of these failures have been among smaller…
LONDON, Oct 23 (Reuters) – Royal Bank of Scotland said on Monday the potential bill for claims against its small business restructuring division will remain at 400 million pounds ($528 million) after misconduct allegations against it were dismissed by Britains financial regulator. Britains Financial Conduct Authority on Monday published a detailed summary of a report…
LONDON (Reuters) – Royal Bank of Scotland (RBS.L) said on Monday the potential bill for claims against its small business restructuring division will remain at 400 million pounds after misconduct allegations against it were dismissed by Britains financial regulator. The logo of RBS (Royal Bank of Scotland) bank is seen reflected in the windows of…
Jaiprakash Associates Ltd. today submitted before the Supreme Court a proposal to hive off its Yamuna Expressway project to raise Rs 2500 crore that it has to deposit to cover its liability towards homebuyers of Jaypee Infratech Ltd. The apex court has asked the company to also submit this proposal to the Attorney General of…
WASHINGTON, Oct. 23, 2017 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE:FCN) today announced that its Corporate Finance & Restructuring segment received the Turnaround Management Associations Small Company Transaction of the Year Award for its role in the bankruptcy reorganization of energy project development company Juniper GTL LLC. Juniper was constructing one of the first natural…
First Step Finance was a company that promised to help. Its clients were mostly poor, who had gone to them for financial support and getting out of debt. The firm, run by Christine and Adrian Whitehurst, told customers their money would be gathered in secure pots, and used to make a final payment clearing their…
By Anshuman Daga Noble Group to sell oil liquids unit to Vitol, flags $1.2 billion loss SINGAPORE (Reuters) – Struggling commodities trader Noble Group agreed to sell its Americas-focused oil trading business to Vitol for about $580 million as part of a debt-cutting strategy, and warned of a big loss for its third quarter. Monday’s…
LONDON, Oct 23 (Reuters) – A husband and wife debt management duo paid for luxury hotels and cars by deceiving more than 4,000 customers who lost in excess of 6 million pounds ($8 million), Britains Financial Conduct Authority (FCA) said on Monday. The watchdog said it banned Adrian and Christine Whitehurst from any involvement in…