The Board of the National Bank of Ukraine (NBU) on Jan. 10 issued decision No. 14-rsh/BT on placing the PJSC Platinum Bank (Kyiv) on the list of insolvent banks, the NBU said in a statement on its website on Jan. 11. As of January 1, 2017, the bank did not reach the positive value of…
DetailsFormer One Nation Senator Rod Culleton has been formally disaqualified from holding a senate seat. In a statement released on Wednesday, Senate President Stephen Parry confirmed there was now a senate vacancy. “Having received the necessary documentation of the facts from relevant officials, I have informed Senator Culleton and notified the Governor of Western Australia…
DetailsSaudi Arabia plans to follow its record-breaking debut on global debt markets with an Islamic bond issue in a sale that could come as early as February. The sharia-compliant sukuk will form part of a pipeline of bond sales to finance the kingdoms budget deficit and invest in economic diversification away from oil and is…
DetailsCentrelink’s automated debt recovery will continue despite a widespread backlash. Some Centrelink recipients that have been targeted in the department’s new debt recovery endeavour are finding themselves in severe financial stress, with some looking at taking out a payday loan to get by. Speaking to the Herald Sun, Centrelink recipient Michael Bond said issues relating…
DetailsRental, hiring and real estate services were among the industries that fared worst as external administrations jumped 14 per cent in Western Australia for the September quarter, as insolvency experts warn that an economic rebound has not yet clearly emerged. Around 260 WA businesses entered administration in that three month period, up from 228 in…
DetailsCare home operators, trade unions and charities have been telling Theresa May for months that the care home industry is in crisis and needs help. Last week, May got her sternest warning yet the chairs of three influential Commons committees urged the prime minister to deal with the immense challenge of paying for health and social care in the…
DetailsIndependent senator Rod Culleton has lost his spot in the Senate after he was declared bankrupt by a Federal Court judge. Senate president Stephen Parry has informed Mr Culleton and WA Governor Kerry Sanderson that there is a vacancy because the former One Nation member has been disqualified from the position as he is an…
DetailsRELATED COVERAGE: Ballarat Centrelink staff saw the debt debacle looming months ago but were ignored by their managers, their union has said. More than one in 10 customers to Ballarat Centrelink are coming in to query a debt notice but centre staff are unable to help and instead have to refer people to a debt notice hotline, Community…
DetailsThis Is Us is finally back and picking up right where it left off. Is Toby going to make it after his tragic Christmas collapse? Check out our recap of the Jan. 10 episode! WARNING: SPOILERS ahead! TOBY & KATE Tobys rushed to the hospital after his collapse, and Kate rushes to his side. Toby is ALIVE!…
DetailsThe sister of bankrupted former billionaire Nathan Tinkler is facing a similar fate after being accused of entering into uncommercial transactions and breaching her directors’ duties. Donna Dennis is alleged to have sold off furniture belonging to two Tinkler family companies for a little more than $100,000 despite being notified that the companies were insolvent…
Details