The head of Citigroups US credit card business, Jud Linville, is leaving the bank as part of a restructuring to unify the business with other parts of the retail banking operation. Anand Selva, head of consumer banking in Asia, would become the head of US consumer banking, the company said on Monday, taking responsibility for…
DetailsOn 26 June 2017, the Recast EU Insolvency Regulation (recast EIR) entered into force, replacing the EU Regulation on Insolvency proceedings (EIR), which had been in place since May 2002. The new legislation set out new provisions for cross-border insolvencies. It broadened the scope of the original regulation to pre-insolvency proceedings and introduced a significant change in no…
DetailsDeutsche Bank has almost finished restructuring its Asian investment-banking business and plans to add bankers in the coming months, said regional head James McMurdo. Yes we did trim, but we trimmed where we thought we were less competitive, or where we thought the opportunity was not that significant and that has largely been completed, McMurdo,…
DetailsEleven thermal power enterprises based in Southwest China’s Sichuan Province are turning to government amid a debt crisis, according to a domestic media report on Monday. On August 7, the companies approached officials of the Sichuan Provincial Development and Reform Commission, the provincial energy supervision office and the Sichuan Energy Bureau to ask for help,…
DetailsWith reference to the subject cited, the board meeting of the Company for consideration of un-audited financial results and fixation of day, date, time and venue of the Annual General Meeting which was scheduled to be held on 14.08.2018 has been postponed in view of the National Company Law Tribunal, Hyderabad Bench vide Orders dated…
DetailsWe wish to inform you that Vardhman Industries Limited which is under Corporate Insolvency Resolution Process invited Expression of Interest for the Submission of Resolution Plan as per the provision of Insolvency and Bankruptcy Code, 2016. In response to the Expression of Interest, JSW Steels Limited had submitted its Resolution Plan which has been unanimously…
DetailsA creditors meeting, managed by Ferrier Hodgson Partners Martin Lewis and Tim Mableson,was arranged for August 16, 2018. The announcement impacts several of York’s infrastructure projects across the country but Mr Lewis said arrangements had been made with the respective joint venture partners to keep work going on the Matagarup pedestrian bridge and two other…
DetailsThe decline of the unemployment rate is starting to be a big topic nowadays and National Debt Relief aims to help people understand it better. The article titled “Is The US Headed Towards An Unemployment Low?” released August 8, 2018, gives consumers an idea on what a low unemployment rate can mean for businesses and…
DetailsHundreds of jobs have been lost across Australia after Adelaide-based construction firm York Civil closed, just a week after being placed into voluntary administration. The company’s administrator, Ferrier Hodgson, told employees and contractors of the decision this morning. It said the company had ceased operations immediately because they haven’t been able to find a buyer…
DetailsConstruction and engineering company York Civil has ceased trading, leaving 188 employees out of work. The company told employees and contractors on Monday morning. A creditors meeting will be held on Thursday. York Civil employed 136 workers in Adelaide, 31 in NSW, 18 in Western Australia and three in Queensland. In a statement, administrator…
Details