Deutsche Bank AG is considering cutting 15,000 to 20,000 jobs, or more than one in six full-time positions globally, the Wall Street Journal reported on Friday (Jun 28), citing people familiar with the discussions. The layoffs would probably take place over more than a year and would spread across regions and businesses, the Journal said.…
DetailsPursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, kindly note that the eighth meeting of CoC of Kwality Limited is schedule on 29th June, 2019 at 12:00 PM at Regal Hall, Royal Plaza, 19, Ashoka Rd, Janpath, Connaught Place, New Delhi- 110001 as per the provisions of the…
DetailsThere have been four deaths for every revival case under the Insolvency and Bankruptcy Code (IBC) proceedings. And significantly for those four, which have headed for liquidation, the process continues without much progress and hardly any takers. Further, of the 1,858 cases taken up for resolution and finding a suitor for a revival plan, more…
DetailsA food supplier has gone into liquidation with the loss of 125 jobs after it was the subject of a listeria investigation that ultimately cleared it of being the source of the outbreak. The Food Standards Agency inquiry meant The Good Food Chain had to suspend production for weeks. The FSA this week said the…
DetailsA unit of one of Chinas big five power producers has been ruled bankrupt after amassing major debts, with a missed 16.44 million yuan ($2.39 million) loan repayment proving the straw that broke the camels back. A local court in northern Chinas Gansu province deemed Gansu Datang International Liancheng Power Generation Co. to be seriously…
DetailsA2018 report found that Americans collectively carry $13.29 trillion in debt, which is $618 billion higher than 2008s peak of $12.68 trillion. With debt rising, more people are turning to personal loans to pay off their high-interest debts, whether thats medical bills, credit card balances, student debt, etc. But is taking out apersonal loanto pay…
DetailsJune 28 (Reuters) – Struggling gold miner Avocet Mining Plc on Friday said its board has proposed voluntary liquidation of the company and that remaining cash be used to pay creditors. (Reporting by Pushkala Aripaka in Bengaluru; Editing by Bernard Orr) Our Standards:The Thomson Reuters Trust Principles. Read the full article at: https://www.reuters.com/article/avocet-mining-liquidation/gold-miner-avocet-proposes-voluntary-liquidation-idUSL4N23Z1OZ
DetailsDaily News View All News 27 June 2019 Recruitment firm executive Simon Anthony Charles Wooding, of Altrincham was banned from being involved in the management of a company for nine years without the permission of a court the second ban for Wooding, the UK Insolvency Service reported this week. His wife, Julie Ann Wooding was…
DetailsMegan and Creagh never thought theyd be in the position of being in $91,000 worth of debt. But fast forward a year, now the most incredible part wasnt that the debt existed, it was that they managed to pay it off in less than 12 months and save for a house deposit at the same…
DetailsBrown Wright Stein has elevated Gena Kawaguchi and Suzie Boulous to partner. The duos promotion from senior associate recognises their significant contributions to their clients and the firm, the Sydney boutique said. We are delighted to promote both Gena and Suzie to partner, said Peter Wright, managing partner. They are both those rare individuals who…
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