Westpac’s interim result confirms that Australia has entered a new era in corporate lending with a shift from long-term relationship banking to aggressive hedge funds and bondholders. This has significant long-term implications for the corporate sector. But the effects of this change are not likely to be felt acutely until there is a downturn in…
DetailsCBS , WTSP 8:33 PM. EDT May 07, 2017 Gander Mtn. is located at 11655 W. Hillsborough Ave. (Photo: Google Earth) Gander Mountain is closing all its stores months after filing for bankruptcy. The largest retail network of outdoor specialty stores has been in business for 57 years but will close its 126 locations, it…
DetailsJim Miller, Savvy Senior 4:02 p.m. MT May 7, 2017 Jim Miller(Photo: DVT) Dear Savvy Senior: What happens to a persons debt after they die? My mother has taken on a lot of medical and credit card over the past few years and Im worried that my brother and I will be responsible for it…
DetailsFootball stars are blowing millions of pounds on gambling after being wooed by bookies promising a host of freebies and glamour invites, an insider has claimed. And the whistleblower alleged bosses allowed them to carry on betting even after they had lost fortunes and were showing signs of addicition. Account managers offer players from across…
DetailsDear Savvy Senior, What happens to a persons debt after they die? My mother has taken on a lot of medical and credit card over the past few years, and Im worried that my brother and I will be responsible for it when she dies. What can you tell me? Worried Daughter Dear Worried, In…
DetailsSenior Enforcement Officers of 1999 batch of Employees Provident Fund today felicitated Union Labour Minister Bandaru Dattatreya here, for taking steps for undertaking the cadre restructuring of the EPFO, which resulted in promotions for many officers. Dattatreya said thousands of officials working in various cadres in the EPFO got promotions which were…
DetailsThe Italian flagship carrier Alitalia has entered bankruptcy for the third time. During its 70-year history the airline transported popes and politicians, but has also been in the center of various controversies. Now it seems that Italys airlines, much dependent on government support, can no longer count on the support of the public. The situation,…
DetailsDavid Koch on how to communicate with family about money The Association of Superannuation Funds of Australias chief executive officer Dr Martin Fahy said there should be stability with superannuation settings. THE leaks revealing intricate details of Treasurer Scott Morrisons Federal Budget have been few and far between this year, leaving many Australians unsure of…
DetailsWhat differentiates the Banking Regulation (Amendment) Ordinance 2017 from previous forays on bad loans of banks? Put bluntly, the ordinance cleared by the Union government this week buys an insurance for the banks against action by the four Cs, namely the Central Vigilance Commission (CVC), the Comptroller and Auditor General of India (CAG), the Central…
DetailsBankrupt Gutnick grilled over debts exit Bankrupt former rich-lister “Diamond” Joe Gutnick has faced a court grilling over loans to a New York fraudster and Brooklyn-based community organisation. In a fiery examination at the Federal Court on Thursday, Mr Gutnick was challenged over the validity of two major debts declared in his bankrupt estate, including…
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