Staff Photographer/Stuff Richard Freeman was found to have defamed earthquake advocate Bryan Staples. A controversial Christchurch businessman who was once a director of a Headhunters-linked debt collecting firm has declared himself bankrupt. Richard Logan Freeman, 52, a former heavyweight boxer and racing car driver, was put into bankruptcy on June 21. Its understood he declared…
DetailsAs millions of Australians return to the nightmare scenario of lockdowns, the financial industry has come together to offer COVID support packages to customers and businesses. CBA have announced a raft of measures to help their customers: SME customers ill have fees waived and access to deferrals on asset finance and some business loans, while…
DetailsSix months after its chair Lai Xiaomin was found guilty of corruption and executed, the fate of Huarong Asset Management, Chinas biggest bad debt manager, is no clearer and the stakes for Beijing are rising. One of four state-owned asset management companies established in 1999 to clean up the banking sectors debts following the Asian…
DetailsAusbil Investment Management MicroCap and SmallCap Strategies co-portfolio manager Mason Willoughby-Thomas has tendered his resignation to the $12 billion fund manager. Willoughby-Thomas has been with the fund for almost four years, having joined from Australian Ethical Investment in October 2017. It is understood he is now joining SG Hiscock. Ausbil MicroCap and SmallCap Strategies co-portfolio…
DetailsImage Source : PTI No political interference! RBI bars MPs, MLAs from holding MD post in urban cooperative banks In a crackdown on political interference, the Reserve Bank of India has barred MPs, MLAs and members of municipal corporations or other local bodies from holding the office of managing director (MD) or whole-time director (WTD)…
DetailsSINCE the onset of the Covid-19 pandemic last year, many businesses have been faced with challenges to sustain their operations. On the flip side, opportunities abound in certain sectors, and some have experienced exponential growth and prospered as a result of the pandemic. Regardless of which side of the coin you are on, restructuring or…
DetailsA senior official said the details came into the public domain “inadvertently” as the regulator is working on a beta project to host the information of creditors TopicsIBBI|Aadhar card|Pan card The Insolvency and Bankruptcy Board of India (IBBI) “inadvertently” put out on its website Aadhaar and PAN details of creditors, including workmen, of some companies…
DetailsDespite what the SEC called his extraordinary and continuing” assistance in helping the agency shut down an alleged $1.4 billion investment scam, Mr. McPherson was notified last year that his whistleblower award would likely be close to zero. The reason? The target company, Life Partners Holdings Inc., had declared bankruptcy, and the SEC never collected…
DetailsIt could not be immediately ascertained as to such details of how many creditors were put out The Insolvency and Bankruptcy Board of India (IBBI) “inadvertently” put out on its website Aadhaar and PAN details of creditors, including workmen, of some companies undergoing resolution process, and the issues are expected to be sorted out in…
DetailsJohn McPherson was almost certain hed get rich from the Securities and Exchange Commissions whistleblower program. Instead, he ended up bankrupt and embittered. Despite what the SEC called his extraordinary and continuing assistance in helping the agency shut down an alleged $1.4 billion investment scam, Mr. McPherson was notified last year that his whistleblower award…
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