Greater Sudbury council says it’s renewingits call to the province to intervene in the insolvency proceedings that are currently underway at Laurentian University. This is the second time the citywill officially petition the province on the matter, which began Feb. 1, when the university declared itself financially insolvent and entered restructuring proceedings under theCompanies’ Creditors…
DetailsThe bank’s long-running restructuring showed in lower costs TopicsDeutsche|Banking sector|Banks AP | Frankfurt (Germany) Last Updated at April 28, 2021 13:58 IST Deutsche Bank saw its strongest quarterly profits in seven years as the bank’s long-running restructuring showed in lower costs and as it suffered fewer loan losses due to an improving economic outlook as…
DetailsIn the summer of last year, the Corporate Insolvency and Governance Act 2020 (CIGA) was rushed through the UK Parliament in a five-week period to deal with the expected fallout from the Covid-19 pandemic. As the biggest change to the UKs insolvency and restructuring legalisation in over 20 years, one of the cornerstones of this…
DetailsFenix, the majority shareholder of Maltese Falcon builder Perini Navi, has announced plans to save the iconic Italian shipyard from bankruptcy. The firm has signed an agreement with private equity firm Clessidra and another investor to relaunch the luxury Italian shipyard, Reuters reports. Reports add that Fenix aims to inject a significant capital increase to…
DetailsKerry Katona attends the Paul Strank Charity Gala supporting Shooting Star Children’s Hospices & Rays of Sunshine Charity at the Bank of England Sports Centre in London. (Photo by Keith Mayhew/SOPA Images/LightRocket via Getty Images) Kerry Katona has revealed that she’s bought her own home after “losing everything” 13 years ago. The mother-of-five ran into…
DetailsFRANKFURT, Germany (AP) Deutsche Bank saw its strongest quarterly profits in seven years as the bank’s long-running restructuring showed in lower costs and as it suffered fewer loan losses due to an improving economic outlook as growth slowly rebounds from the pandemic. Profit attributable to shareholders was 908 million euros ($1.1 billion) in the first…
DetailsWagering, gambling all the same: addictive In his Saturday column, Jay Greeson lauded Tennessee’s legalized online sports wagering. In past columns, he touted the revenue generated and posits a situation in which a husband tells his wife “It’s (his bet) for the children.” In a previous column, Mr. Greeson also posted links to the various…
DetailsScores of ‘zombie companies’ have been kept alive in order to receive final government stimulus measures before being shut down, according to a leading insolvency expert. Revive Financial partner Jarvis Archer said the “clean up” of zombie companies was under way with an increase in liquidation appointments across a range of industries. A ‘zombie company’…
DetailsSidley Austin is rebuilding the top end of its bankruptcy team by adding the former U.S. chair of DLA Pipers restructuring practice, Tom Califano, as a partner in its New York office. The hire announced on Tuesday comes about six months after the co-leaders of Sidleys restructuring practice, Jessice Boelter and Bojan Guzina, departed for…
DetailsIf you are feeling overwhelmed by your debt and think you would be better off if you had one payment instead of many, you might want to consider a debt consolidation loan. These loans allow you to reduce the number of debts you have and can help you manage that debt better. If you think…
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