A series of bounced cheques that illustrate the scale of Lord Lucan ‘s gambling debts before he disappeared following the murder of the family nanny have come to light after 42 years. The troubled aristocrat signed the 11 cheques totalling almost £20,000 – about £250,000 today – as he desperately tried to reverse his spiralling…
The Basel Committee on Banking Supervisions proposal that only mortgages backed by easily realisable collateral should benefit from low risk-weightings might encourage insolvency regime reform in the EU, says Fitch Ratings. Mortgage lending represented 22% of total non-defaulted exposures extended by a large sample of EU banks. Timelines for real-estate foreclosure and liquidation vary significantly…
This information is especially directed to all journalists and media. In Argentina there is currently a serious attack on freedom of the press, of expression and the right of journalists to inform people. Firstly, please take the time to find out about the situation as it is very likely that most of you are not aware…
World Acceptance Corporation (NASDAQ:WRLD) has problems which have been mounting, and it now faces the following challenges, all of which will be resolved within twelve months. Severe punitive action by the CFPB Business deteriorating New rules restricting debt collection Credit facility maturity with no new lenders in sight Severe punitive action by the CFPB I’ve…
ANALYSIS: We might have Tony Abbotts legacy to thank for a government plan to allow states to levy their own income tax. On Friday, Prime Minister Malcolm Turnbull will have his biggest chance at the de-Abbottification of Australia. The PM is meeting state and territory leaders at COAG the Council of Australian Governments to talk about…
This is probably the last thing UK steelworkers wanted to hear today. As many as 15,000 workers are facing an uncertain future after Indias Tata Steel last night confirmed plans to put its embattled UK business up for sale. Tata said late on Tuesday that it is looking at strategic alternatives for its UK business,…
Having banks and local governments deleverage and trim overcapacity are part and parcel with central government efforts to maintain stable growth by nurturing the supply side of the economy. But even as this happening, the housing market has been flooded with new loans in recent months, exposing the economy to new risks. The central government…
The Bankruptcy (Consolidation) Bill is very welcome. Although it does not make any substantive changes to personal insolvency law in Scotland, it does bring the Scottish law on bankruptcy together into one piece of well-ordered and logical legislation. The changes introduced to the Scottish personal insolvency regime over the past few decades have been necessary…
A comparison of debts acquired by graduates elsewhere in the world (particularly in the US) suggest Australian students are not badly off. Photo: Canberra Times Student debt incurred under the the Higher Education Loan Program represents a large and growing problem for the federal government and for taxpayers. Of the estimated $30 billion on the Commonwealth’s…
Editorial A comparison of debts acquired by graduates elsewhere in the world (particularly in the US) suggest Australian students are not badly off. Photo: Canberra Times Student debt incurred under the the Higher Education Loan Program represents a large and growing problem for the federal government and for taxpayers. Of the estimated $30 billion on…