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Daily Archives: March 21, 2018

Black Stars to lose headline sponsor as uniBank is declared insolvent – GhanaWeb

BankruptcyBy Insolvency GuardianMarch 21, 2018

Black Stars To Lose Headline Sponsor As uniBank Is Declared Insolvent – Modern Ghana (press release) (blog)

BankruptcyBy Insolvency GuardianMarch 21, 2018

Unibank’s sponsorship deal with Black Stars hangs by a thread after the indigenous bank was declared insolvent by the Bank of Ghana on Tuesday. In November 2016, Unibank renewed its partnership with the Ghana FA by signing a three-year deal worth US$ 1.2m. The Bank of Ghana has appointed an audit firm KPMG as Official…

Myer plunges to $476m loss, suspends dividend after $515m write-downs – The Australian Financial Review

RestructuringBy Insolvency GuardianMarch 21, 2018

Veteran retailer Solomon Lew says Myer’s first-half result – a record $476 million bottom line loss – provides further evidence that the board should be replaced as soon as possible. Mr Lew, who is threatening to overthrow the entire Myer board after losing about $63 million on its $101 million stake in Myer over the…

Would canceling all student debt help economy? – The Morning Journal

Debt HelpBy Insolvency GuardianMarch 21, 2018

Policymakers have been struggling to identify ways to deal with Americas staggering student loan debt. As of January 2018, Student Loan Hero estimated total outstanding student loan debt at $1.48 trillion, affecting 44 million Americans. Thanks to this debt burden, young Americans are having difficulty achieving typical financial milestones such as home ownership. Heres a…

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