Media captionBarclays chief executive Jes Staley says the restructured bank will be simpler Barclays shares closed down 7% after reporting a drop in full-year profits, a dividend cut and a restructuring including reducing its stake in Africa. Underlying annual profits for 2015 fell 2% to £5.4bn. The bank said it would cut its dividend by…
Former Dragons Den star Sarah Newman has been declared bankrupt in the UK, the Commercial Court heard on Thursday. Efforts by AIB to execute a 9million judgment against Ms Newman and her former partner, hurling legend DJ Carey were heard at the Dublin hearing. But in light of the bankruptcy, the banks James Doherty said…
Five years ago, Newcastle electrician-turned-mining magnate Nathan Tinkler was Australias youngest billionaire. This week, he marked his 40th birthday by being declared bankrupt after GE Commercial took him to court over a $2.8 million disputed debt following the sale of his personal jet. A sequestration order was issued against Tinkler on February 9, and the…
Cash flow is the main stumbling block for SMEs trying to secure funds for their growth. With ongoing expenses and bills to cover to keep the doors open, poor cash flow strategies can negatively impact your customers, your staff and clients. If you find yourself in crisis mode, Director of DFK Everalls, Melissa Healy, has…
Video will begin in 5 seconds. More video Recommended Replay video Tinkler walks out on Knights Nathan Tinkler and the Hunter Sports Group released a statement confirming they have handed over ownership of the Newcastle Knights. Nine News. PT0M0S 620 349 Nathan Tinkler has officially made the quick descent from billionaire to bankrupt after he…
It is not just about making matters easier for corporates. Distressed farmers can access relief under pressing circumstances The Insolvency and Bankruptcy Code (IBC) aims at improving the failing credit market situation in the country. A healthy credit market functions well where the debtor and the creditor have faith that their interests are recognised and…
A Donegal county councillor who appeared in a recent RTÉ Investigates programme has been ordered to pay a compensation order after a court heard how he dined in expensive Dublin restaurants and spent lavishly on clothing. Independent Cllr John ODonnell said his good name had been ruined as he defended a decision to stop paying…
Greg Harkin Published 02/03/2016 | 14:51 Councillor John ODonnell from Donegal filmed in a meeting with an undercover reporter for the RTÉ Investigates Standards in Public Office programme. A COUNCILLOR at the centre of corruption allegations has been ordered by a judge today to re-start payments to a woman who won a compensation order against…
NEW YORK–(BUSINESS WIRE)–Gleacher & Company, Inc. (OTC Pink: GLCH) (the Company) announced today that the Board of Directors has determined to make a fourth liquidating distribution to Company stockholders in the amount of $1.82 per share of the Company’s common stock (approximately $11.3 million in the aggregate). The record date for this distribution is March…
The investigation, presented on Feb. 26 in Vienna by activists of the Anticorruption Action Centre, shows examples of the siphoning of some $600 million from the Ukrainian banks. Photo by Ukrafoto When many of Ukraine’s banks went bust after President Viktor Yanukovych’s rule, the State Depository Insurance Fund paid out $2.6 billion to reimburse customers…