Shares in Italian banks have plunged again, making Milans FTSEMib blue index the worst loser in Europe, even as prime minister Matteo Renzi made his latest attempt to shore up confidence in the battered sector passing a bill to reform governance of 4,000 cooperative banks and offer state guarantees for bad loans. Shares in UniCredit,…
Details(ANSA) – Arezzo, February 11 – Arezzo’s bankruptcy court on Thursday declared the ‘old’ Banca Etruria insolvent, upholding a request by bank commissioner Giuseppe Santoni. The court instead rejected an objection that last year’s Banca Etruria rescue was unconstitutional, filed by defence lawyers for the bank’s last president, Lorenzo Rosi. The legal documents will now…
Details(see previous) (ANSA) – Arezzo, February 11 – Arezzo’s bankruptcy court on Thursday declared the ‘old’ Banca Etruria insolvent, upholding a request by bank commissioner Giuseppe Santoni. The court instead rejected an objection that last year’s Banca Etruria bail-in was unconstitutional, filed by defence lawyers for the bank’s last president, Lorenzo Rosi. The legal documents…
Details(see previous) (ANSA) – Arezzo, February 11 – Arezzo’s bankruptcy court on Thursday declared the ‘old’ Banca Etruria insolvent, upholding a request by bank commissioner Giuseppe Santoni. The court instead rejected an objection that last year’s Banca Etruria bail-in was unconstitutional, filed by defence lawyers for the bank’s last president, Lorenzo Rosi. The legal documents…
DetailsKim Davies was found guilty of using childrens gravestones to decore the walls and patio of Llanwenarth House last year (Picture: Dimitris Legakis/Athena Pictures) A millionaire property developer who used childrens gravestones to pave the drive of a historic mansion has been declared bankrupt. Kim Davies, 61, was declared bankrupt after fighting a costly three-year legal battle with…
DetailsDozens of Australian investors have lost a total of $7 million in a collapsed investment scheme run by an unlicensed financial trader. Gunter Lang, a former industrial chemist, who headed the scheme is being investigated by the corporate watchdog ASIC. Mr Lang traded using the online platform IG Markets, in an account under…
DetailsAustralias first streaming service Quickflix is trying to get rival Stan to restructure a massive share block it holds in the business, claiming it is putting off new investors as it seeks a new round of capital raising. In 2014 Stan, owned by Nine Entertainment and Fairfax Media, bought a $1m shareholding from US cable…
DetailsSeveral large vocational education and training providers have collapsed into voluntary administration after their parent company appointed external administrators earlier this week. Global Intellectual Holdings Pty Ltd entered voluntary administration on Tuesday, with Richard Albarran, Blair Pleash and Shahin Hussain from Hall and Chadwick appointed as external managers. Global Intellectual Holdings is the company behind…
DetailsA mother who was declared bankrupt after falling behind with her daughter’s private school fees will now lose her country home following a series of family tragedies. Maxine Turner-Hankinson, 47, who used to live in a £1.6million Barbados villa, permanently moved into a cottage in the grounds of a Regency mansion in Derbyshire in 2009.…
DetailsThousands of students of at least four colleges have been left in limbo with huge debts following the collapse of one of the country’s largest vocational education companies. At least 500 administration and teaching staff have also been affected by the collapse. Aspire College of Education, The Design Works College of Design, RTO Services Group and…
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