KBank maintains a sound capital adequacy ratio at 17.3%.(Photo by Tanaphon Ongarttragoon) Local commercial banks are concentrating on debt restructuring and asset quality rather than business growth amid fragile economic conditions that could linger into next year. Pipatpong Poshyanonda, co-president of Kasikornbank (KBank), said the bank will continue paying attention to helping customers with debt…
DetailsThe coronavirus pandemic continues to impact the professional services industry, as firms see decreased demand for strategy consulting and increased need for restructuring services. FTI Consulting is expecting the bankruptcy boon to continue, execs said in Thursday’s earnings call, and has hired 431 restructuring professionals in the past year in anticipation. Firm execs are also…
DetailsFrom an outside point of view, the life of a footballer is unsurprisingly one of luxury. Fast cars, huge mansions, more money than one can imagine, and all of this on top of their innate talent that has allowed them to perform on this elevated platform. But the glitz and glam of being a professional…
DetailsSINGAPORE – Help is at hand for small firms in financial distress due to Covid-19. One initiative will assist sole proprietors or partnerships restructure unsecured debt such as credit card bills or loans secured without collateral. Another scheme will help small- and medium-sized enterprises (SMEs) work out their credit facilities across multiple banks and finance…
DetailsBarcelona could be declared bankrupt if they are unable to reduce their wages bill by 190 million euros by the end of next week, RAC1 reports. Negotiations to lower salaries began on Friday with a meeting between lawyers representing the club and the players. For Bara, it is a race against time. They need to…
DetailsThe three-year bond yield is 0.13 per cent, well below the RBA’s 0.25 per cent target, but interest rates on longer-dated bonds are not falling on their own account and Australia has one of the highest 10-year government bond yields in the developed world at 0.81 per cent. Of course, the RBA is also widely…
DetailsChina is implementing the debt relief plans promoted by the Group of 20 to help ease the debt burden of poor countries and achieve sustainable development during the novel coronavirus epidemic, a senior government official said. As many poor countries are facing difficulties related to sustainable debt issues, joint efforts and cooperation are needed between…
DetailsAustralian bank fined $150,000 after giving a gambling addict MORE money to spend despite him pleading with them to help bring his problem under control Commonwealth Bank Australia has been fined $150,000 in Federal Court case Staff offered to increase the man’s credit card limit to $31,000, court heard The man told the bank he…
DetailsRICHMOND, Va. (WWBT) – Today we take a look at the ins and outs of debt consolidation. Debt consolidation is taking out a loan to pay off all your creditors– so you only have one payment to do with. This might help your credit over time and just gives you one big payment instead of…
DetailsFor the past several years, data has consistently shown that more and more people are going bankrupt at a young age. Between 2015 and 2019, about 85,000 Malaysians below the age of 25 were declared bankrupt, a Sinar Harian article shows. According to Hijrah Wealth Management founder and consultantRohani Mohd Shahir, the main reason for…
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