Senator Elizabeth Warrens presidential campaign Friday released an interactive tool to help voters determine how much of their student debt would disappear under her ambitious proposal to cancel up to $50,000 in outstanding loans for college graduates in the red. The online calculator tool, on the Massachusetts Democrats campaign website, asks users to answer a…
By Roberta Kwok When a major recession hits, many consumers have the same thought: cut spending. Around them they see layoffs, plunging house prices, income stagnation, and a shrinking credit supply. Their collective belt-tightening fuels the economys downward spiral, leading to even more unemployment. Paul Goldsmith-Pinkham, an assistant professor of finance at Yale SOM, wondered…
SETL Ltd, the now London-based institutional payment and settlement infrastructure provider using blockchain technology, today announced the completion of its corporate restructuring plan. At the beginning of March this year, the previous entity, SETL Development Ltd (in administration), announced that it had appointed Quantuma LLP as its administrators. Under the direction of its CEO, Philippe…
Blockchain and settlement payments technology specialist SETL has announced the completion of its corporate restructuring and has exited administration. The firm appointedadministrators from Quantuma in early March to restructure its business lines after SETL was unable to supply sufficient capital to sustain its investments in the ID2S (a regulated central securities depository) and IZNES (a…
Image credit: Natee K Jindakum / Shutterstock Proper cash flow management is a key strategy that every business owner must master for long-term financial success. Managing cash flow can be one of the biggest challenges business owners face. A recent study from Intuit found that 61% of small businesses around the world struggle with…
A mother-of-two whose husband lost NZ$200,000 (101,000; $132,000) gambling has spoken out urging others to be aware of the warning signs. Forced to sell their home The woman, from Christchurch, New Zealand, spoke to Stuff about her husbands gambling problem, which he had managed to hide for over 10 years. As a result of his…
NEW DELHI: The resolution of 94 stressed assets achieved around 43% debt recovery as of 31 March, 2019, amounting to 75,000 crore since the inception of the Insolvency and Bankruptcy Code (IBC) in 2016, a report said. The total recovery as of March-end stood at 75,000 crore, against the total claim of 1.75 lakh crore…
Brexit uncertainty and struggling high street retailers have fuelled a rise in the number of company administrations to the highest level in five years, according to official figures. The Insolvency Service said there were 451 administrations in the first three months of the year, up 21.8% from the final three months of 2018 and the…
Blockchain infrastructure firm SETL Development Ltd., which filed for insolvency in March, is back as a trimmed-down new entity formed by its management team. The new company, SETL Ltd., said Friday that it has now acquired the operating assets, staff and intellectual property (IP) rights of the old entity. Further, the company has reached an…
Socit Generale reported a 26 per cent fall in profits as the French bank pushes ahead with a far-reaching overhaul of its business. Net income for the first quarter was 631m, down from 850m in the same period one year previously, knocked slightly by costs associated with the disposal of a Slovenian subsidiary. The groups…