Truist Financial TFC remains well-positioned for revenue growth on the back of decent loan demand, high rates, strategic restructuring initiatives and fee income growth. However, elevated expenses and weakening asset quality remain headwinds. TFCs net interest income (NII) growth seems encouraging. While the metric declined in the first quarter of 2024, it experienced a five-year…
In short: The NSW Supreme Court has appointed liquidators for the Gateway Marina at Burnett Heads. Liquidators find companies owe $7.9million to creditors. What’s Next? Developer Simon Harvey hopes the project will continue under new ownership. A $250 million marina development on the edge of the Great Barrier Reef has gone into liquidation, owing millions of dollars…
LONDON/WASHINGTON The worlds small island states plan to join forces to push for debt relief and more climate investment ahead of 2024s COP29 UN climate summit, part of a 10-year strategy to help save some of them from extinction, a draft document seen by Reuters showed. The Small Island Developing States (Sids), a grouping of…
The number of people taking out a debt relief order (DRO) reached a record high in England and Wales in April, according to new figures. Some 3,436 DROs were recorded by the Insolvency Service in April, marking a record high in the statistics going back to when DROs were introduced in 2009. The jump coincided…
Liberal Party of Australia The Albanese Government has botched its Budget commitment to cut student debt for three million Australians with the ATO confirming HELP loans will rise by 4.7 per cent from 1 June 2024, rather than the 4 per cent increase Labor promised. Shadow Minister for Education, Sarah Henderson, said Labors go-slow on…