Activists say European banks helped Ukrainians launder $600 million – Kyiv Post

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…

NBU trying to collect UAH 11.5 bln of personal security from owners of insolvent banks – Interfax

2016-03-02T12:39+02:00 12:39 02.03.2016 The National Bank of Ukraine (NBU) plans to collect UAH 11.462 billion from the owners of banks that were declared insolvent acting as personal bail granters, Director of the risk management department Ihor Budnyk has said. “As for personal bail of former owners of banks Kostiantyn Zhevaho, Oleh Bakhmatiuk, Mykola Lahun and…

Activists say European banks helped Ukrainians launder $600 million – Kyiv Post

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…

Abengoa Reports $1.3 Billion Loss Amid Fight Against Insolvency – Bloomberg

Abengoa SA, the Spanish renewable-energy company scrambling to avoid bankruptcy, reported a 1.2 billion-euro ($1.3 billion) loss for 2015 after its business was revalued amid a financial restructuring process. The Seville-based company shifted to a loss after posting net income of 125.3 million euros the previous year, according to a regulatory filing Monday. The loss…

Consultant calls high insolvency rates ‘a troubling trend’ – CBC.ca

A St. John’s financial consultant who helps people cope with unmanageable debt says a spike in the number of personal insolvencies in oil-producing provinces is a sign of the times.  “We’re talking about almost 2,000 filings a year and, for a small province such as Newfoundland, [that’s] a pretty big number. It’s not insignificant,” said Sean Stack,…

John Marshall Law School Bankruptcy Professor Jason Kilborn Invited to Join International Insolvency Institute – GlobeNewswire (press release)

CHICAGO, Feb. 29, 2016 (GLOBE NEWSWIRE) — Professor Jason Kilborn from The John Marshall Law School in Chicago has been asked to join the prestigious International Insolvency Institute, an invitation-only organization of leading bankruptcy and restructuring professionals. Over the past decade, Kilborn has focused his academic research on a comparison of bankruptcy and insolvency in…