The Insurance Council of Australia (ICA) says the industry is participating in a $30 million co-funding agreement led by the Commonwealth to expand the provision of financial counselling services. The ICA announcement today comes as the Federal Government says it has signed memorandums of understanding with the industry and other financial services sectors including the…
Citigroup has begun the next phase of its previously announced organizational changes. Today we shared with our colleagues the next layer of changes across many of our businesses and functions as we continue to align Citis organizational structure with our new, simplified operating model, the bank said in a Monday (Nov. 20) press release. As weve…
In the second quarter of fiscal year 2024 (Q2 FY24), 38 per cent of the 7,058 companies admitted under the Corporate Insolvency Resolution Process (CIRPs) belong to the manufacturing sector, followed by the real estate and construction sectors, according to a report by CareEdge. The second quarter saw a 19 per cent year-on-year increase in…