Despite the trauma and job losses caused by the failure of several small Ghanaian banks, the sector now looks stronger with credit growth likely to accelerate Ghana is slowly emerging from its worst banking crisis ever. Several times this year depositors massed in the branches of insolvent banks wanting to take their cash, despite assurances…
Pursuant to Regulation of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Section 21 of Insolvency & Bankruptcy Code, 2016, this is to inform you that the meeting of the Committee of Creditors of the Company will be held on Monday, 26th November, 2018 at 2nd Floor, Conference…
Open source A few weeks ago, the investigation officially filed charges against Oleksiy Kargapolov, former deputy chairman of the board of the Ukrainian Professional Bank (UPB), who was heading it at the time of the introduction of the provisional administration in May 2015. The banker is accused of more than 220 million USD fraud. Thus,…
We are in receipt, through a lawyer firm, of the copy of application filed by Bank of Maharashtra under the Insolvency & Bankruptcy Code, 2016 for an amount of Rs. 521.97 Crore. The Company is in process of taking legal advice to deal with the same. In this connection, it is also hereby pointed out…
A single mum who took on Centrelink after they demanded the return of a $40,000 overpayment has had a big win as the case finally comes to a close. Two years ago, Carly Hockey got a series of bills from the government, telling her she had been overpaid thousands in the family tax benefit she…
Four companies related to Bella Vista Homes have been put into liquidation by Inland Revenue this week. Project Management Limited, Live Wire Limited, Lakes Engineering Limited and Ground Effects Limited were appointed a liquidator in the Hamilton High Court on Monday. Former Bella Vista boss Danny Cancian is the sole director and shareholder of all…
A controversial new ITV drama stars Sheridan Smith as an online gambling addict who seizes upon lucrative insider information she finds at the City office where she is working as a zero-hours contract cleaner. Cleaning Up, an unashamedly political series, follows Sam, a struggling mother-of-two, who asks why should the greedy bastards get rich while…
City needs its cinema I was completely shocked to hear that our wonderful cinema Youthoria would be closing the doors on December 31. This cinema is such a marvelous facility in our beautiful town. The building itself is 92 years old and has such presence and history and ambiance. It offers joy to young and…
The IMF has warned for more than a year of rising debt levels in low income countries. Now, bailout talks with Pakistan and requests for help from Angola, Zambia and others are forcing the fund to confront a pressing question: how far is debt distress in the developing world due to lending by China? The…