Financial counsellors warn Afterpay’s new $10 per month subscription scheme will trap more vulnerable spenders in debt. Key points: Afterpay Plus is a monthly subscription which allows shoppers to borrow money, even in shops that don’t accept Afterpay Financial counsellors say it will make unregulated credit even easier to access An Afterpay spokesperson says the…
Oct 24, 2023 3.11pm Sydney-based construction, design and refurbishment company National Projects & Maintenance (NPM), which completed developments for some of the countrys biggest property players including Goodman, Mirvac, GPT, Charter Hall and Brookfield, has collapsed. The company, which employed nearly 200 people and had offices across the country, sent out automated messages to its…
An arm of a major hospitality business has quietly collapsed into liquidation, impacting nearly 250 staff members and a handful of other creditors. Melbourne-based Legacy Hospitality Group Pty Ltd went into voluntary liquidation earlier this month. Andrew Knight and Sebastian Hams of insolvency firm KordaMentha have been appointed as liquidators. The entity weve been appointed…
Banks worldwide finance their assets using deposits (Hanson et al. 2015), which are a more stable funding source than short-term debt (Ivashina and Scharfstein 2010). But in developing countries, banks struggle to attract deposits: the fraction of people who are unbanked remains high, and people who do have bank accounts do not save much money…
Bloomberg News Oct 25, 2023 5.39am Chinese President Xi Jinping stepped up support for the worlds No. 2 economy, issuing additional sovereign debt, raising the budget deficit ratio and even making an unprecedented visit to the central bank. The nations legislature approved a plan to raise the fiscal deficit ratio for 2023 to about 3.8…
WASHINGTON, Oct. 24, 2023 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of David Fowkes as a Senior Managing Director within FTI Capital Advisors (member FINRA/SIPC), the firms wholly owned investment banking subsidiary, and a member of the global Aviation practice. Mr. Fowkes , who is based in Houston, joins FTI Capital…
If you’re stressing about credit card debt, there are a few steps you can take to get rid of it. Getty Images/iStockphoto Are you struggling to pay off your credit card debt? You’re not alone. Credit card debt is commonplace in the United States and many people that have it struggle to get rid of…
UChicago Medicine collaborates with Cook County program to benefit over 85,000 patients (COOK COUNTY, IL) – Today, Cook County Board President Toni Preckwinkle announced Cook County’s Medical Debt Relief Initiative (MDRI) has successfully acquired and abolished a total of $281.3 million in medical debt to benefit 158,541 Cook County residents since the program launched in 2022.…
IndusInd International Holdings Ltd (IIHL), the investment arm of Hinduja group, cannot do away with employee stock option (Esop) and incentive schemes of Reliance General Insurance Co., as part of its resolution plan for the parent firm, Reliance Capital, according to law firm Khaitan & Co. A copy of the letter, which is in response…
Former chairmans attempt to write off debts of 3.2m dismissed by court A file image of Danny Drew Shane Phelan Today at 03:30 A High Court judge has directed that garda be informed of allegations a former League of Ireland football club owner gave misleading information in personal insolvency proceedings. The direction came three weeks…