It is becoming increasingly fashionable to either spin off or sell assets from large businesses to reshape for the future. In particular, conglomerate structures are no longer considered attractive, and investors prefer a sharp focus on fewer areas rather than fingers in lots of pies. Some of these corporate restructuring actions have been driven by…
DetailsCovid-19 and lockdowns to slow down its spread have affected the cash flow of borrowers, says agency TopicsICRA|loans|NBFCs Abhijit Lele | Mumbai Last Updated at July 12, 2021 12:54 IST Restructured loan books of non-bank financial groups may double to 3.1-3.3 per cent by March 2022 from 1.6 per cent in March 2021, hurt by…
DetailsNEW YORK (AP) U.S. Senate Majority Leader Chuck Schumer on Sunday called on the Justice Department to investigate the National Rifle Association for bankruptcy fraud, saying the financially stable gun-rights group abused the system when it sought bankruptcy protection in the wake of a New York lawsuit seeking to put it out of business. A…
DetailsMEDFORD, Ore., July 12, 2021 /PRNewswire/ — At its virtual annual conference, concluded in June, AIRA announced the following leadership transitions and awards: Michael R. Lastowski, Duane Morris LLP, Wilmington, DE named president, succeeding David Bart, CIRA, CDBV, RSM US LLP, Chicago. Mr. Bart assumes the role of chairman from Brian Ryniker, CIRA, RK Consultants…
DetailsA free national debt advice service has been launched to help people around Scotland who are struggling with their finances. The moneyadvice.scot service from Advice Direct Scotland (ADS) is for anyone struggling to meet their current financial commitments. It comes after a new opinion poll by Survation revealed more than one-third of Scots are worried…
DetailsDetroit A mob-connectedbookie from Grosse Pointe Parkhandled lucrative bets for Phil Mickelson and was accused of cheating the PGA Tour golfer out of $500,000, according to federal court records obtained by The Detroit News. Previously unreported gambling allegations outlined in a trial transcript filed in federal court in Detroit linkMickelson with one of the biggest…
DetailsAustralian banks have offered loan repayment deferrals of up to three months to their small business customers as New South Wales succumbs to hardened lockdown restrictions. Australias banks on Friday each announced varying small business support options to customers affected by hardened state lockdown restrictions spanning loan repayment deferrals of up to three months, merchant…
DetailsA2 Milk is reorganising to provide more focus as part of a plan to get the company back on track. A2 Milk group managing director David Bortolussi Photo: Supplied The speciality dairy company has been [https://www.rnz.co.nz/news/business/442238/a2-milk-launches-review-of-approach-to-chinese-infant-formula-market looking at its operations] after continuing Covid-related problems and steps taken to make up for disruptions to some sales…
DetailsA retired couple in their 70s have now been released from the majority of their small business tax debts after the Administrative Appeals Tribunal overturned an ATO decision on the grounds of serious financial hardship. The couple, Mr and Mrs Smith, had owed $106,576 in tax debts after their 50-year-old small interstate transport and freight…
DetailsThe pandemic and the curbs imposed to contain its spread have affected the cash flow of borrowers and prolonged the recovery process, according rating agency ICRA TopicsBank loans|debt restructuring scheme The restructured loan books of non-bank financial entities are expected to double to 3.1-3.3 per cent by March 2022 from 1.6 per cent in March…
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