A fragmented and reactionary response by banks to the Covid wildfire in greater Sydney is preparing the industry to reverse the reversal of provisioning that was the highlight of the most recent profit season. By last night the four big banks had outlined boilerplate assistance measures. CBAs CEO Matt Comyn said in a media release,…
share this article Share this article Vincent Fabian Thomas (The Jakarta Post) PREMIUM Jakarta Thu, June 24, 2021 National flag carrier Garuda Indonesia is leaning toward two options to extricate itself from a debt crisis without placing additional burden on government finances. Garuda president director Irfan Setiaputra said the airline’s board was considering four major…
Staff Photographer/Stuff Richard Freeman was found to have defamed earthquake advocate Bryan Staples. A controversial Christchurch businessman who was once a director of a Headhunters-linked debt collecting firm has declared himself bankrupt. Richard Logan Freeman, 52, a former heavyweight boxer and racing car driver, was put into bankruptcy on June 21. Its understood he declared…
As millions of Australians return to the nightmare scenario of lockdowns, the financial industry has come together to offer COVID support packages to customers and businesses. CBA have announced a raft of measures to help their customers: SME customers ill have fees waived and access to deferrals on asset finance and some business loans, while…
Six months after its chair Lai Xiaomin was found guilty of corruption and executed, the fate of Huarong Asset Management, Chinas biggest bad debt manager, is no clearer and the stakes for Beijing are rising. One of four state-owned asset management companies established in 1999 to clean up the banking sectors debts following the Asian…
Ausbil Investment Management MicroCap and SmallCap Strategies co-portfolio manager Mason Willoughby-Thomas has tendered his resignation to the $12 billion fund manager. Willoughby-Thomas has been with the fund for almost four years, having joined from Australian Ethical Investment in October 2017. It is understood he is now joining SG Hiscock. Ausbil MicroCap and SmallCap Strategies co-portfolio…
Image Source : PTI No political interference! RBI bars MPs, MLAs from holding MD post in urban cooperative banks In a crackdown on political interference, the Reserve Bank of India has barred MPs, MLAs and members of municipal corporations or other local bodies from holding the office of managing director (MD) or whole-time director (WTD)…