SAN DIEGO (KUSI) A 51-year-old enforcer who beat up a man with gambling debts in front of his son was sentenced in San Diego to two years in federal prison for his involvement in the violent gambling and drug-trafficking organization run by former USC walk-on football player Owen Hanson. Jack Rissell pleaded guilty to extortion…
DetailsThe Insolvency and Bankruptcy Code, 2016 (Code) was enacted with the primary objective of consolidating and amending various laws relating to reorganisation and insolvency resolution of corporates, firms and individuals in a time bound manner to maximise the value of their assets. Before the Code, there was no single law dealing with insolvency and bankruptcy…
DetailsGoldman Sachs has been having a tough time in bond trading,a business that was once a dependable source of revenue.The US bank delivered $US2.8 billion in fixed income, currencies and commodities client execution revenues in the first half of 2017, down 19% from the same period last year. That figure was $US4.7 billion in 2015…
Details(RTTNews) – While reporting its second-quarter financial results today, Radian Group Inc. (RDN) said that based on the strategic review of the Services business lines to date, it has decided to restructure this business and currently expects to incur charges relating to the changes necessary to reposition this business for sustained profitability. While the company’s…
DetailsUPDATE 7pm: AFTER months of uncertainty an embattled central Queensland miner and part-owner of Wiggins Island Coal Export Terminal was placed into liquidation today. Administrators PPB Advisory confirmed this afternoon creditors voted that all five companies in the Caledon Coal Group (Caledon Coal Pty Ltd, CC Pty Ltd, Guangdong Rising (Australia) Pty Ltd, Blackwater Coal…
DetailsFormer board members of the collapsed charity Kids Company including its founder, Camila Batmanghelidjh, and the former BBC chief Alan Yentob face being banned from serving as company directors from up to six years. The Insolvency Service has written to the former directors to tell them that the business secretary, Greg Clark, intends to bring…
DetailsThe Finance Sector Union is bracing for the possibility of significant job losses at ANZ as the bank’s chief executive Shayne Elliott moves to reassure staff about his dramatic restructure of the business. Mr Elliott sent out a manifesto to staff on Monday calling for a more “agile” workplace and a revolution of outdated work…
DetailsDebt management or “credit repair” services can make some alluring promises to those with financial problems. They say they can silence the phone, turn away the debt collectors, wipe away black marks from your credit record – and make those money woes go away. But so often these promises are not met. In too many…
DetailsKids Company ex-directors facing bans 31 July 2017 From the section Business Image copyright Getty Images Business Secretary Greg Clark is to bring proceedings against former directors of the collapsed charity Keeping Kids Company to have them banned from company directorships. The Insolvency Service names former chief executive Camila Batmanghelidjh, Alan Yentob and seven others.…
DetailsBy Press Association Published: 22:54 +10:00, 31 July 2017 | Updated: 22:54 +10:00, 31 July 2017 e-mail Former Kids Company boss Camila Batmanghelidjh and the charitys former chairman Alan Yentob face being disqualified from running companies under proceedings brought by the Government. The youth organisation folded amid a storm of controversy in August 2015 just…
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