A former J.P. Morgan Chase (jpm) employee who has been ordered to attend counseling for gambling has pleaded guilty to criminal charges that he stole more than $5 million from his employer to pay personal debts, New York prosecutors said. Lawrence Obracanik, 42, pleaded guilty to wire fraud affecting a financial institution on Thursday before…
Published March 3. Updated March 3 at 11:45 am A man passes by the National Bank of Ukraine in Kyiv on Dec. 7, 2016. Photo by Volodymyr Petrov Popular on social media The National Bank of Ukraine (NBU) on March 3 declared Vector Bank (Kyiv) insolvent, the central bank has reported on its website. Decision…
NORTHERN Rivers residents are starting to pay off their debts as new figures revealed less people declared bankruptcy in 2016. The latest figures from the Australian Financial Services Authority showed 35 bankrupt debtors including nine business-related and 26 non-business related insolvencies in the December quarter. Over the whole year 158 people declared bankruptcy compared with…
The SK Group is speeding up restructurings of its subsidiaries. Through the choice and focus strategy, the group is decisively giving up business items overlapped among subsidiaries or poorly performing businesses while developing new business items that can be used as future growth engines. Analysts say that Deep Change emphasized by SK Group chairman Chey…
Builder Shane Guymer. Picture: LinkedIn A VICTORIAN builder has left families with half-finished homes and potentially thousands of dollars out of pocket after placing his company into liquidation. Guymer Lynnch Pty Ltd, founded by builder Shane Guymer, was placed into liquidation last month amid claims of shoddy work, long build times and unpaid contractors. Customers…
AT least six companies from various sectors of the economy applied for either liquidation or judicial management in January this year, businessdigest has learnt. By Kudzai Kuwaza Many companies in Zimbabwe closed shop last year due to harsh economic challenges. According to statistics availed by the Employers Confederation of Zimbabwe(Emcoz), companies from the retail, agriculture…