FRANKFURT, Germany (AP) Germany’s struggling Deutsche Bank says net profit fell to 401 million euros in the second quarter from 466 million euros a year earlier as the bank incurred higher costs from its restructuring. The profit beat analyst estimates for 209 million euros and the bank said it was making quicker progress in cutting…
DetailsRelated Story: How a conman tricked the courts into bankrupting his enemies A Melbourne conman who had false debts entered against his enemies, which he then used in a bid to fraudulently bankrupt them, has been has been sentenced to eight years’ and one month jail. Antonio Dattilo, 44, initiated civil…
DetailsA bankrupt property investor is hoping to sell his grade II listed mansion for £28 million. Kevin Cash, who built a £500 million global property empire, put North Aston Hall on the market after being declared insolvent at Oxford county court last Friday. The Jacobean-style mansion is set in 194 acres (790,000 sq m) of…
DetailsA candidate running in the Braddon by-election was declared bankrupt in 2008 and is unlikely to be eligible to sit in parliament. Court records show Australian People’s Party candidate Bruno Strangio was declared bankrupt a decade ago – undischarged bankrupts are ineligible to sit in parliament. Mr Strangio was one of 13 candidates across five…
DetailsThe major bank is expected to deliver a $9.9 billion cash profit when it reports its earnings next month, but major regulatory changes and demerger plans are muddying the forecast. CBA will deliver its fiscal 2018 results on 8 August, which Morningstar analyst David Ellis anticipates will be messy. We forecast an underlying $9.9 billion…
DetailsThe North Gauteng High Court on Tuesday granted an order for the provisional liquidation of the company that owns The New Age newspaper. This after Mzwandile Manyi and his company Afrotone Media Holdings made an application at the court last week. Manyi argued that the company was commercially unviable. Manyi bought the company from the…
DetailsA candidate for the upcoming Braddon by-election would likely be ineligible for office under section 44 of the constitution because he is an undischarged bankrupt. The vote will be held on July 28 as part of the “super Saturday” by-elections being held around Australia after federal MPs in four states, including Braddon Labor MP…
DetailsThe North Gauteng High Court on Tuesday granted an order for the provisional liquidation of the company that owns The New Age newspaper. This after Mzwandile Manyi and his company AfroTone Media Holdings made an application to the court last week. Manyi argued that the company was commercially unviable. Manyi bought the company from the…
DetailsA candidate for the upcoming Braddon by-election would likely be ineligible for office under section 44 of the constitution because he is an undischarged bankrupt. The vote will be held on July 28 as part of the “super Saturday” by-elections being held around Australia after federal MPs in four states, including Braddon Labor MP…
DetailsWritten by Alia Paavola | July 24, 2018 | Print | Email Embattled OxyContin maker Purdue Pharma hired Steve Miller, a famous figure in corporate restructuring, to head its board as the drugmaker seeks to overhaul its business and distance itself from the U.S. opioid crisis, Bloomberg reports. Here are six things to know: 1. Miller became…
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