Material Fact – Corporate restructuring related to Itaú’s equity interest in XP Inc.’s capital stock – PRNewswire

SO PAULO, Jan. 31, 2021 /PRNewswire/ — In accordance with paragraph 4 of Article 157 of Law No. 6404/1976 and CVM Instruction No. 358,02, Ita Unibanco Holding S.A (“Ita Unibanco” or “Company”) informs its stockholders and the general market that, in line with the Material Facts disclosed on November 3 and 26 and December 31,…

Italy G20 presidency to push for debt relief, new IMF drawing rights – Hellenic Shipping News Worldwide

Italy, this years president of the Group of 20 rich and emerging nations, will push its members to extend debt relief to poor countries struggling to deal with the coronavirus pandemic, a top official from Romes G20 financial team told Reuters. Italy was also confident the Biden presidency would herald a more cooperative stance from…

SMBs urged to secure assets, loans ahead of “insolvency explosion” – CRN Australia

Small businesses have been urged to secure assets and business loans ahead of an anticipated increase in insolvencies this year. Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell said small businesses need to secure their assets through the Governments Personal Property Securities Register (PPSR) in the event of an insolvency. Operating under the…

Rockland man’s debt collection methods run afoul of law – Westfair Online – Westfair Online

Even small businesses have to struggle with the complexities of managing peak season opportunities, extending credit and motivating customers. Take Jonathan Diolosa, an alleged sports bookie from New City in Rockland County. The business model seems simple. Customers do not have to put up money in advance when they place bets, according to an FBI…

Xinja seeks shareholder support for plan to relaunch as US share trading platform – Brisbane Times

Loading Obviously any return will be a long, multi-year path back for Xinja, the letter said. If shareholders are willing to support it, the business may be able to reset and rebuild shareholder value. Xinja shocked shareholders and customers when it announced plans to close all customer accounts and return its banking licence, 15 months…