The Trump administration is hoping to avert a risky congressional standoff over raising the debt limit by tying the measure to what they hope will be a popular bill providing billions in emergency funding for Hurricane Harvey relief. The president and I believe that it [raising the debt ceiling] should be tied to the Harvey…
DetailsTreasury Secretary Steven Mnuchin said Congress should combine an initial package of relief for victims of Harvey with a boost in the nations debt limit, saying lawmakers need to put politics aside to ensure that those trying to recover from the storm get the help they need. The president and I believe that it should…
DetailsMichael Glackin The BBC has been pushed to release the City watchdogs reportALAMY Lawyers for businesses suing Royal Bank of Scotland have demanded that the BBC release part of the City watchdogs report which was leaked to the broadcaster on RBSs controversial restructuring division. The study was commissioned by the Financial Conduct Authority almost four…
DetailsFrom buying a Lotto ticket to a work sweepstake on the Grand National, it’s not uncommon for many people to indulge in the odd bit of gambling. But a problem gambling habit can be bad for your finances. As today’s £7.8million fine for an online gambling firm showed, vulnerable gamblers can quickly rack up debts…
DetailsSALT LAKE CITY Governor Gary Herbert is throwing the Utah Republican Party a fundraiser bash in an effort to help dig it out of debt. The Sept. 7 event, titled Back in Black, is also being hosted by Utahs congressional delegation. The $100 a plate dinner is taking place at The Falls Event Center. The…
DetailsA federal grand jury has opened a criminal inquiry into the $1 billion collapse of First NBC Bank, a onetime darling of the New Orleans business community that failed earlier this year and was seized by regulators in the costliest collapse of an American bank since the height of the 2008-10 financial crisis, according to…
DetailsMichael Glackin The BBC has been pushed to release the City watchdogs reportALAMY Lawyers for businesses suing Royal Bank of Scotland have demanded that the BBC release part of the City watchdogs report which was leaked to the broadcaster on RBSs controversial restructuring division. The study was commissioned by the Financial Conduct Authority almost four…
DetailsMarriage is a partnership, and those vows do say “for richer, for poorer”which means if your partner has debt, it is now your business. But navigating debt isnt quite so simple. Some debt is good, other debt is bad, and some debt can come after you, even if your partners name is on the account.…
DetailsCHENNAI: Private power producer Ind Bharath Group has filed an insolvency petition against the States power utility Tamil Nadu Generation and Distribution Corporation (Tangedco) for non-payment of dues of over 700 crore under the Insolvency and Bankruptcy Code, 2016. This is the first time the insolvency route has been used to recover non-payment of dues…
DetailsNew Delhi, Aug 31 () The NCLT has so far decided more than 655 cases under the Insolvency and Bankruptcy Code while all efforts are made to stick to the timelines, the tribunal’s President Justice M M Kumar said today. The Code, which provides for a market-determined and time-bound resolution of insolvency proceedings, became operational…
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