Saving for retirement isn’t a top priority for many young professionals, but Great-West Lifeco Inc. thinks it can change that by addressing heavy student debt loads. The life and health insurer is rolling out a new program to its client companies that will allow eligible employees to pay off their student debt while also getting…
DetailsCanberra cloud provider 4Data has gone bust for the second time in as many years after its director was ordered to pay $3.5 million to the Australian Taxation Office. The previous incarnation of Digital Digest Data Design (4Data) traded for 21 years before entering administration in May 2015, and was subsequently liquidated. The company pinned…
DetailsKERRY Katona has been a household name ever since she burst onto the scene as part of pop group Atomic Kitten. Since then she has continually hit headlines thanks to stints on TV shows, being bankrupt and her very turbulent and public love life. But just what else is there to know about Kerry, and how…
DetailsAmbit Flowers ARC, an asset restructuring joint venture between Mumbai-based brokerage Ambit Capital and US private equity firm JC Flowers, plans to raise up to $1 billion from global investors to invest in distressed assets under insolvency proceedings. The asset reconstruction company plans to raise $150-250 million in the first tranche, two persons familiar with…
DetailsThis content is made possible by our sponsor; the views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. A crushing debt may be the result of unexpected and unavoidable setbacks in life, from a medical problem to the loss of a job.…
DetailsA couple who took £7m from thousands of customers who sought help from their debt management firm but spent much of the money on lavish holidays and cars have been banned from the UK financial services industry for life by the sectors regulator. Adrian and Christine Whitehurst, nicknamed the vampires of debt, set up First…
DetailsUnfortunately, insolvency is no stranger to IT companies. Although it has never been one of the most at-risk industries, failure rates in the information and communication sector have traditionally been quite high, with some businesses, such as IT consultancies and software developers, suffering more than most. The majority of these failures have been among smaller…
DetailsLONDON, Oct 23 (Reuters) – Royal Bank of Scotland said on Monday the potential bill for claims against its small business restructuring division will remain at 400 million pounds ($528 million) after misconduct allegations against it were dismissed by Britains financial regulator. Britains Financial Conduct Authority on Monday published a detailed summary of a report…
DetailsLONDON (Reuters) – Royal Bank of Scotland (RBS.L) said on Monday the potential bill for claims against its small business restructuring division will remain at 400 million pounds after misconduct allegations against it were dismissed by Britains financial regulator. The logo of RBS (Royal Bank of Scotland) bank is seen reflected in the windows of…
DetailsJaiprakash Associates Ltd. today submitted before the Supreme Court a proposal to hive off its Yamuna Expressway project to raise Rs 2500 crore that it has to deposit to cover its liability towards homebuyers of Jaypee Infratech Ltd. The apex court has asked the company to also submit this proposal to the Attorney General of…
Details