Calls for upgrading Indias corporate insolvency framework Washington, October 6: Indian banks are vulnerable to further decline in profits as they face slow credit growth and elevated non-performing assets, IMF has said, calling for additional and more timely action to deal with the problem of bad loans. Banking systems are vulnerable to further declines in…
American star was held at gunpoint in the early hours of Monday morning Thieves escaped with jewellery worth an estimated $8.5 million Kanye West immediately cancelled New York concert after hearing of robbery Bodyguard Pascal Duvier was with sisters Kourtney and Kendall at the time of the raid Duvier lodged claim for company insolvency in hometown…
PANAJI: Depositors, creditors, shareholders of companies that go bust have lot to look forward to from the newly notified Insolvency and Bankruptcy Code (IBC) 2016, according to the Institute of Company Secretaries of India (ICSI). Institute members, who met up at a symposium in EDC House, Panaji on Thursday, said that recent changes in insolvency…
Harlequin Property SVG has formally entered insolvency proceedings, which could lead to its liquidation and heavy losses for thousands of investors. According to Harlequin, it has taken the action to allow the company a maximum of six months to work with a professional trustee to assist it to sort out its business affairs, and does…
Kim’s bodyguard was at a Paris nightclub when she was robbed on Monday Reality star, 35, was asleep in Paris suite alone when five gunman burst in Mum-of-two begged for her life as she was bound and gagged Pascal Duvier, 43, has been widely criticised for not protecting her against robbery MailOnline has revealed how…
Pascal Duvier lodged claim for company insolvency in hometown of Heidelberg, Germany, on July 22 Claim relates to Duvier’s ProtectSecurity firm, which has racked up total debts of 1,093,518 Father-of-two Duvier has run the firm for 19 years and boasted of running security for a host of stars But lawyer tells MailOnline: ‘There is so…
Even though bank balance sheets are on aggregate stronger than they were before the global financial crisis, a cyclical recovery wont solve the problem of weak bank profitability, according to the International Monetary Fund. In its latest Global Financial Stability Report, the IMF says short-term risks have abated since its previous assessment in April but…
Oct 6 Azerbaijan’s mid-sized lender Bank Standard has been declared bankrupt, the Azeri Deposit Insurance Fund said on Thursday. The bank’s license was revoked from Oct. 1 and the fund operated as its liquidator. The fund received 460 million manats ($288 million) in state credits from the central bank on Tuesday in order to give…
Baku, Azerbaijan, Oct. 6 By Anvar Mammadov Trend: Azerbaijans Bank Standard JSC has been declared bankrupt according to the decision, dated Oct. 4, 2016, of the countrys Baku Administrative-Economical Court No1, said the Azerbaijan Deposit Insurance Fund (ADIF) in a message posted on its website Oct. 6. The message said that ADIF has been appointed…
2016-10-06T14:44+02:00 14:44 06.10.2016 Ukrainian Prime Minister Volodymyr Groysman has promised to help settle the debt problems of Pivdenmash (Dnipro). “I think that the issue should be discussed urgently to find a systemic solution how to resume the operation of the enterprise so that it does not generate debts this is the main task today,” Groysman…