State Rep. Kurt Daudt (R-Crown) The Minnesota lobbyist who helped House Speaker Kurt Daudt in lawsuits over credit card debt was hired and paid by the Republican lawmaker, a spokeswoman told the Business Journal. The lobbyist, R. Reid LeBeau II, is helping Daudt fight a debt lawsuit brought by U.S. Bancorp’s U.S. Bank subsidiary over…
Bank chiefs have launched a loan-restructuring scheme for indebted businesses where lenders work together to help firms to reduce their debt burden. The UAE Banking Federation (UBF) revealed the plan yesterday aimed at struggling small and medium-sized enterprises (SMEs). The move comes as progress on the countrys long-awaited insolvency law, which contains a similar framework…
By Ruth Lythe for Money Mail Published: 11:01 EST, 9 March 2016 | Updated: 20:17 EST, 9 March 2016 More than 200,000 credit-card borrowers turned to a charity for help last year because they were unable to repay their debts. Stepchange says the number of families contacting it over out-of-control credit card balances has soared…
MUMBAI/BANGALORE: Advitiya Sharma, 26, co-founder, of Housing.com has resigned from the company he started along with his IIT Bombay batchmates, including the ousted CEO Rahul Yadav. Sharma will start work on a new venture in a few months from now, he told TOI. The Mumbai-based real estate listing portal was touted as being one the…
Over the years, the Rev. Carl Walker has seen some of his Morning Star Missionary Baptist Church congregants slide deeper into poverty. This month, he has swapped out one of the congregations weekly Bible studies for a self-help session on finance and legal aid. Id love to see the church become more useful to help…
ANALYSTS say that Bidvests decision to list its Foodservice and South African businesses separately is a sensible one. Most compellingly, Dirk van Vlaanderen, an investment analyst at Kagiso Asset Management, says it is the “most orderly way” for group CEO Brian Joffe to let go of the reins. Bidvests decentralised structure has encouraged “strong divisional…
In mythology, Cerberus was the multi-headed dog that guarded the underworld, whom Hercules subdued and brought into the daylight. It may not be a giant guard dog, but the US fund Cerberus Capital Management has grown to become a very big beast indeed in Irish affairs over the last two years. In that time, it…