The incident took place in Ashulia, Dhaka on Friday A day labourer has been stabbed to death over a gambling debt of Tk100 in Ashulia, Dhaka. The incident took place in Ashulias Palashbari area on Friday evening. The deceased was identified as Johirul Islam, 28. The suspect has been identified as Rezaul, 18. Speaking to…
Boutique investment bank PJ Solomon is starting to push the boundaries of the word boutique, at least in terms of its size. The private U.S. advisory firm has been rapidly adding headcount after entering an agreement with Natixis in 2016 that made the French investment bank a majority owner. Nearly three years after inking the…
Martin Building Services, liquidation ONE of the Hunters best-known homegrownbuilders, Martin Building Services, has foldedwith debts of almost $10 million. The company, which began in Maitland almost 20 years ago, was placed in the hands of insolvency expertsin December at the request of director and owner Denis Martin. James Shaw, a partner of Shaw Gidley…
Maintaining a budget is one of the keys to avoiding debt, but during the holidays, it may be more challenging to stick to it. With the purchase of gifts, fancy dinners and decorations, it can be nearly impossible to make it through the season without incurring a little credit card debt. In fact, about 15%…
NEW YORK, Jan 25 (LPC) – US high-grade companies, including Bristol-Myers Squibb, are boosting the loan element of multibillion dollar acquisition financings in a move that could stretch some banks balance sheets. Loans are currently cheaper than bonds, which is prompting companies to increase Term Loan A paper and potentially postpone tapping volatile and expensive…
| 2 days ago Nothing ruins a festive mood like thinking about student loan payments. AB InBev brand Natural Light has found a sizable portion of its audience with drinkers in their early 20s (with whom it is better known as Natty Light), largely due to its low price tag. So it made sense that…
Business News of Saturday, 26 January 2019 Source: 3news.com Felix Addo The Bank of Ghana (BoG) has appointed Felix E. Addo as an Advisor for the National Investment Bank (NIB) to help improve the banks affairs. Mr. Addos appointment is pursuant to Section 101 (1) of the Banks and Specialised Deposit-Taking Institutions Act of 2016…
Sir, Your article Master of High Court flattered after debt cases removed from remit (January 25th) repeats the sick joke claim by Edmund Honohan that the Abhaile scheme which serves to assist distressed mortgage borrowers was . . . .merely a voucher for 200 worth of legal advice before you go to the Circuit Court.…
The Insolvency and Bankruptcy Board of India (IBBI) has mandated resolution applicants to furnish performance security in corporate insolvency process. This has been stipulated to ensure that corporate resolution plans, once approved, are not withdrawn on a whim. The idea is to encourage only those resolution applicants who are genuine, credible, and capable of submitting…
The resolution professional would also have to attach the evidence of the performance security while submitting the resolution plan with NCLT for approval. Months after UK-based Liberty House failed to meet its payment commitment to acquire stressed Amtek Auto, the insolvency regulator has tightened regulations to mandate that successful resolution applicants will have to provide…