Baku, Azerbaijan, Aug. 17 By Anvar Mammadov Trend: Two Azerbaijani banks, the Caucasus Development Bank and AtraBank, licenses of which were revoked by the Central Bank of Azerbaijan (CBA) in January 2016, have been declared bankrupt, said Azerbaijan Deposit Insurance Fund (ADIF) in a message Aug. 17. The message said the decision on the banks…
DetailsRomanian travel agency Genius Travel sent a series of contradictory messages to its customers, informing them of its insolvency. On Friday last week, the clients who had acquired tickets from Genius Travel received a text message that the company was insolvent, reports local Profit.ro. The message also informed the clients that they could recover the…
DetailsReboot Illinois/PolitiFact Illinois Release Misleading Fact-Check on Rauner and Trump Posted by Brittany Clingen on Wednesday, August 17, 2016 | Leave a Comment Reboot Illinois, in partnership with PolitiFact, has published a new fact-check and done what elite fact-checkers seem to do best: ignore context surrounding a statement and produce a piece that is sure to mislead…
DetailsAt least six newsroom employees have been laid off at the San Diego Union-Tribune as the newspaper undergoes a reorganization. Four employees responsible for a mix of social media and homepage curation were laid off on Monday, according to multiple sources familiar with the matter. An additional two employees, photographers, have also been laid off,…
Details17 August 2016 17:11 (UTC+04:00) 80 By Nigar Abbasova Two Azerbaijani banks Caucasus Development Bank and Atrabank have been declared bankrupt, Azerbaijan Deposit Insurance Fund (ADIF) reported on August 17. The decision on the bankruptcy was taken by the Baku administrative-economic court 1. ADIF has been appointed a liquidator of the two banks. The Central…
DetailsAug. 17, 2016 4:06 a.m. ET Denmarks Carlsberg A/S turned in a 25% jump in half-year net profit, with the recent sale and swap of beer assets as part of a corporate restructuring offsetting a decline in beer volumes and revenue. The brewer has been plagued by lackluster earnings amid pressure from declining Eastern European…
DetailsFATHER and son directors have been disqualified for a combined eight and a half years for causing and allowing a company to trade while insolvent being at the risk of HMRC and to the fathers benefit. Robert (63) and Brett Newmark (34) were directors of Rosslyn Hill Limited (trading as Beach Blanket Babylon) and have…
DetailsThe code provides banks with much-needed muscle to deal with NPA accounts; it enables them to realise the maximum value out of an asset once a firm is declared bankrupt. (PTI) Given the bad-loan crisis that grips the banking sector, the Bankruptcy Code brings greater certainty and speed with regard to filing, processing and…
DetailsAnthony Alexander found himself $8,000 in debt from hospital bills and other expenses last year when a commercial for United Debt Services, a Frisco-based debt settlement company, came on his mom’s TV. Its claim? It will get you out of debt. Alexander, a 33-year-old mailman from Little Rock, signed up in February 2015 and paid…
DetailsBy Reuters Published: 11:43 +10:00, 17 August 2016 | Updated: 11:43 +10:00, 17 August 2016 By Guillermo Parra-Bernal SAO PAULO, Aug 16 (Reuters) – Banks and bondholders accounting for more than half of Oi SA’s debt of 65.4 billion reais ($20 billion) are considering proposing a 5-year grace period and lower borrowing costs to speed…
Details