Jan 11 – Executives of a failed North Carolina bank have reached a $4.1 million settlement with the Federal Deposit Insurance Corp, resolving a closely watched lawsuit accusing them of approving risky loans that led to heavy losses during the credit crisis. If approved by the court, the settlement-in-principle, disclosed in a federal court filing…
More than a third of all people banned from the casino by police are believed to be Vietnamese. Vietnamese women jailed in record numbers for drug offences say they turned to crime to pay gambling debts suffered at Crown Casino. The women had debts of between $30,000 and $1 million when they were offered loans…
Have you been left out of pocket due to poor service or sharp practice? Do you have a money problem that won’t go away? It can seem impossible to get a fair result when you are battling a financial issue alone. But never fear! The AOL Money Fixer is here to help. Dear Fixer, I…
Jan 11 Laura Ashley Holdings Plc : * Has been made aware that its license partner in Australia has been placed into voluntary administration * Is continuing its discussions with administrator regarding future of Australian operations * Laura Ashley has an exposure of circa. 1.2 million stg * There is no effect on rest of…
Jan 11 Laura Ashley Holdings Plc : * Has been made aware that its license partner in Australia has been placed into voluntary administration * Is continuing its discussions with administrator regarding future of Australian operations * Laura Ashley has an exposure of circa. 1.2 million stg * There is no effect on rest of…
Kaisa Group Holdings Ltd. pressed ahead with a plan to restructure its offshore bonds by offering incentives to creditors almost two months after rejecting a rival proposal from a U.S. hedge fund. The developer will pay bondholders and lenders a consent fee equivalent to 1 percent of holdings if they support the plan by Jan. 24,…
As the Powerball jackpot reaches an estimated $1.3 billion, many have started making plans for what they would do with the money if they were to win: buy an island, pay off debt, buy luxury cars. While it might seem tempting to quit your job upon drawing the winning ticket, let’s look into what a…
SPRINGFIELD Illinois has limped along without a budget since July and solving that gridlock will be lawmakers top priority in the impending session, a time when theyve traditionally turned attention to passing a fresh budget for the coming fiscal year. The epic budget fight thats crippling many state services will overshadow other key issues lawmakers…