Credit Suisse Group AG (NYSE:CS) is going to make changes to its Asia-Pacific region as the lender struggles with deteriorating investor confidence. The Swiss bank has decided to merge its equities and fixed-income, currency and commodities business in Asia-Pacific. According to Reuters, the current head of Asia-pacific equities business, Ali Naqvi will be in charge…
DetailsDeloitte & Touche LLP named Kirk Blair its corporate restructuring group leader and Michael Epstein global managing director for restructuring services. Blair, a Deloitte Advisory partner with Deloitte Financial Advisory Services LLP, would succeed William Snyder. Epstein, a Deloitte Advisory principal with Deloitte Transactions and Business Analytics LLP, would succeed Andrew Grimstone. (Reporting by Arunima…
DetailsBike Share Toronto is adding 120 new stations. The program currently has over 4,000 annual members and 35,000 casual users. (Steve Russell / Toronto Star) | Order this photo By Ben SpurrTransportation Reporter Tues., July 5, 2016 The past five years have been a bumpy ride for Torontos fledgling cycle-share program. Since its launch in 2011,the…
DetailsBefore June ended, a major hospitality group with around 20 restaurants across Australia went under receivership. The incident confirms many local companies are finding the local business climate no longer healthy in Australia, particularly in view of the end of the mining boom. Sydney Morning Herald reports that the number of Australian companies which went…
DetailsStuart McKinnon – The West Australian on July 5, 2016, 9:42 am Video Morning finance report – July 5 WA company insolvencies were up 21 per cent in the past year, well above the national rise of 15 per cent. Analysis and commentary by FTI Consulting revealed 1014 companies entered insolvency in the 12 months…
DetailsAs governments across B.C. ponder expanding casinos, CTV News has learned a suicide after a huge theft from a Victoria-area volunteer soccer association was related to gambling. The B.C. Coroners Service found gambling was one of the risk factors that led the long-time president of the Gorge Soccer Association, Terry Marra, to kill himself just…
DetailsStuart McKinnon – The West Australian on July 5, 2016, 9:42 am Video Morning finance report – July 5 WA company insolvencies were up 21 per cent in the past year, well above the national rise of 15 per cent. Analysis and commentary by FTI Consulting revealed 1014 companies entered insolvency in the 12 months…
DetailsA QUEENSLAND vegetable processing business has been sold after going into voluntary administration last month. Administrators, the Robson Cotter Insolvency Group, were appointed to the Boonah-based business Bunny Bite Foods (previously Bunny Bite Farms) on June 8. An initial creditors meeting was held on June 20, with a second scheduled for Monday, July 15. A…
DetailsState-financed Deposit Guarantee Fund head Kostyantyn Vorushylyn told the Kyiv Post on June 21 that he wants a public registry of those responsible for unpaid loans. Photo by Anastasia Vlasova As he spoke with the Kyiv Post on June 20 at the Deposit Guarantee Fund, Kostyantyn Vorushylyns voice was constantly interrupted by angry protesters yelling…
DetailsJuly 4, 2016 6:38 p.m. ET MILANBritains vote to leave the EU has produced dire predictions for the U.K. economy. The damage to the rest of Europe could be more immediate and potentially more serious. Nowhere is the risk concentrated more heavily than in the Italian banking sector. In Italy, 17% of banks loans are…
Details