Former Manchester United defender Wes Brown lost millions of pounds in failed property deals and also racked up car debt, it has been revealed. The Mirror detailed earlier this week how Brown, who used to earn around 50,000-a-week during his Old Trafford days, had been the subject of a bankruptcy petition from HMRC. The order…
The warning comes as the latest quarterly insolvency statistics for January to March 2023 (Q1) reveal there were 5,747 company insolvencies in England and Wales. This is 18 per cent higher than in Q1 2022. Nicola Banham, insolvency director at Azets, which has offices in Chandlers Ford, Fareham, Romsey and Winchester, said as inflation remains…
Silicon Valley Bank (aka SVB) collapsed on March 10, followed by Signature Bank two days later. Fearing mass panic, the FDIC decided to make whole all deposits at both banks, even though they were insured only up to $250,000. On March 16, First Republic Bank was saved from bankruptcy when several large banks lent it…
First Republic Bank, one of the largest banks in the United States, has been declared insolvent by the California Department of Financial Protection and Innovation. The regulator determined that the bank was operating in an unsound manner, making it necessary for the regulator to take control of the bank immediately. The Federal Deposit Insurance Corporation…