Illinois, Chicago should declare bankruptcy to fix fiscal woes, ex-FDIC chief says – West Cook News

The state of Illinois and the city of Chicago should seek bankruptcy protection to stop the fiscal bleeding and get back untracked, William Isaac, former chairman of the Federal Deposit Insurance Corp., said in a recently published opinion piece. “Both the state of Illinois and the city of Chicago are in dire fiscal straits,” Isaac,…

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AFL, Cricket Australia, Greens, Movember caught up in alleged ad fraud – The Age

Leading Australian businesses, brands and charities including the AFL, Cricket Australia and Movember may have been defrauded as part of an alleged systemic rort by collapsed leading agency, Ambient Advertising. An investigation by a NSW Supreme Court-appointed special purpose liquidator into Ambient Advertising is examining allegations the firm may have routinely and deliberately overcharged some…

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Crystal Amber CEO says can help Johnston Press renegotiate debt … – Reuters UK

By Maiya Keidan | LONDON/BENGALURU LONDON/BENGALURU Johnston Press (JPR.L) shareholder Crystal Amber Fund Ltd CRS.L can help management avoid a poor debt restructuring deal, the hedge fund’s chief executive officer told Reuters. “We have a good track record of assisting companies,” Richard Bernstein told Reuters on Tuesday, ahead of London-listed activist manager Crystal Amber disclosing…

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