Companies Citi Bank N.a. Follow Citigroup Inc Follow HONG KONG/SINGAPORE, Nov 22 (Reuters) – Citigroup (C.N) has made new appointments in Asia Pacific following a sweeping global reorganization the U.S. bank announced on Monday, according to a person with direct knowledge of the matter. Citi’s Capital Markets and Advisory Head for Asia, Jan Metzger, will…
DetailsInterest rates for debt consolidation loans are high to end 2023, and theyll likely stay high for the near future. With increased costs, comparing loan options is essential to qualify for the best possible rates on a debt consolidation loan. Debt Consolidation Loan Costs A wide range of economic factors have pushed interest rates higher…
DetailsIntroduction The Supreme Court of Canada (SCC) has granted leave to appeal the decisions of Ernst & Young Inc. v. Aquino (Aquino) and Golden Oaks Enterprises Inc. v. Scott (Golden Oaks), which both address the corporate attribution doctrine in the insolvency context. Generally, the corporate attribution doctrine imputes the actions, intent and/or knowledge of a…
DetailsBusinesses are being “battered from all sides”, said Garry Lee, the chair of R3’s Southern and Thames Valley region, following the publication of last month’s personal and corporate insolvency statistics for England and Wales. Figures from the Insolvency Service showed that corporate insolvencies increased by 17.6% in October this year to 2,315 compared to September’s…
DetailsASIC has disqualified a former Magnolia Capita Group director from managing corporations for a period of 5 years and banned him for a period of 10 years from providing financial services and engaging in credit activities. Mitchell Atkins of Erina, New South Wales was a director of the Magnolia Capital Group of companies which collapsed…
DetailsA lack of economic awareness or control over ones finances can have long-term impacts. We look at the link between intimate partner violence and money in the third article of our series for Financial Literacy Month. At the start of her marriage, Margaret Williams (a pseudonym) was perfectly OK letting her husband take the lead…
DetailsReuters. Signa Holding, the Austrian real estate giant owned by investor Ren Benko, is set to receive a critical cash infusion of 600 million euros to tackle immediate financial obligations and fuel an accelerated restructuring, according to media reports. The loan, secured at high interest rates with Signa Prime assets as collateral, is a strategic…
DetailsRIGA – At the beginning of November 2023, tax debts in Latvia totaled EUR 863.343 million, which is 0.8 percent more from October, but a 1.5 percent decrease from the beginning of the year, according to the information released by the State Revenue Service (VID). This total includes current and suspended debts as well as…
DetailsA Nova Scotia home heating fuel company that filed for bankruptcy last week has accused an accounting firm of negligence, saying it was hit with a “crippling shortfall” of nearly $10 million after being led to believe it was making money. Maritime Fuels Ltd. declared bankruptcy last week, leaving in the lurch an unknown number…
DetailsEver since the UKs ancient insolvency regime was modernised back in 1986, its inner workings (and even some of its advisers) have operated behind a protective veil of semi-secrecy, with a frustrating lack of public information available to those who need its services, including PSCs seeking fixes to financial problems, writes Nick Hood of Opus…
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