A federal grand jury has opened a criminal inquiry into the $1 billion collapse of First NBC Bank, a onetime darling of the New Orleans business community that failed earlier this year and was seized by regulators in the costliest collapse of an American bank since the height of the 2008-10 financial crisis, according to…
Michael Glackin The BBC has been pushed to release the City watchdogs reportALAMY Lawyers for businesses suing Royal Bank of Scotland have demanded that the BBC release part of the City watchdogs report which was leaked to the broadcaster on RBSs controversial restructuring division. The study was commissioned by the Financial Conduct Authority almost four…
Marriage is a partnership, and those vows do say “for richer, for poorer”which means if your partner has debt, it is now your business. But navigating debt isnt quite so simple. Some debt is good, other debt is bad, and some debt can come after you, even if your partners name is on the account.…
CHENNAI: Private power producer Ind Bharath Group has filed an insolvency petition against the States power utility Tamil Nadu Generation and Distribution Corporation (Tangedco) for non-payment of dues of over 700 crore under the Insolvency and Bankruptcy Code, 2016. This is the first time the insolvency route has been used to recover non-payment of dues…
New Delhi, Aug 31 () The NCLT has so far decided more than 655 cases under the Insolvency and Bankruptcy Code while all efforts are made to stick to the timelines, the tribunal’s President Justice M M Kumar said today. The Code, which provides for a market-determined and time-bound resolution of insolvency proceedings, became operational…
The gambling industry is using third-party companies to harvest peoples data, helping bookmakers and online casinos target people on low incomes and those who have stopped gambling, the Guardian can reveal. Traditional online gambling ads have become more expensive, which has encouraged betting firms to resort to alternative means to hook consumers. This led to…
Image copyright Getty Images For David Bradford, his gambling addiction had got as bad as it possibly could. The 57 year-old was in prison for fraud after stealing £50,000. His habit had cost his family their home and left them buried under £500,000 of debt. For 888.com, however, there was more to be had out…
Follow @bpolitics for all the latest news, and sign up for our daily Balance of Power newsletter. President Donald Trump is considering attaching an increase in the U.S. debt limit to an initial $5.95 billion disaster aid funding request for Hurricane Harvey, two administration officials said, a move aimed at lowering the risk of an…
(Adds details on funding request, background, adds quote from head of Senate appropriations panel) WASHINGTON, Sept 1 (Reuters) – U.S. President Donald Trump has asked Congress for an initial $7.85 billion for Hurricane Harvey recovery efforts, the White House budget director said on Friday, adding that failure to raise the budget ceiling may hinder disaster…
Get your debt in control with a card with a long interest-free period and no balance transfer fees. Are you struggling to repay your credit card debt because of high interest rates? If you answered yes and you want to get your finances under control, a 0% balance transfer credit card could help you repay…