Uneven economic impact of pandemic implies risks concentrated in specific sectors and countries Banks asset quality holding up, but profitability weak and potential for credit risk to worsen Disorderly corrections in financial market segments may affect non-banks that have large exposures to corporates with weak fundamentals The uneven economic impact of the pandemic means that…
Member Article Corporate insolvencies fell by 7.2% to 925 in April 2021 compared to Marchs figure of 997, and fell by 22.9% compared to April 2020s figure (1,199). Personal insolvencies fell by 9.9% to 9,859 in April 2021 compared to Marchs figure of 10,941, and were 5% lower than April 2020s figure of 10,394. Eleanor…
Ghanshyam Sarup Batra (58), of Harlow, Essex, was the appointed director of Dylan Lettings Worldwide Limited since its incorporation in May 2010. The company acted as a management organisation for three apartment blocks that had previously been converted from hotels. The freeholds of the buildings were owned by three separate companies, whilst Ghanshyam Batra was…
Artificial intelligence crowdsourcing provider Appen will use artificial intelligence (AI) itself in a restructuring that will allow it to slash service staff and become more customer-focused. To put it simply, we are accelerating our transformation into an AI-powered provider of AI data and solutions, said Appen chief executive Mark Brayan as the stock bounced back…
Previous releases of these statistics were classified as experimental. However, the initial development phase has now ended and the methodology and content have proved sufficiently robust to meet the needs of the users of these statistics, so the experimental statistics designation has now been removed. 1. Data Sources Company Insolvency data for England & Wales,…
published : 17 May 2021 at 04:30 newspaper section: News Last week, the creditors of Thai Airways International Plc (THAI) decided to postpone a vote on the airline’s debt restructuring plan to this coming Wednesday. On that day, they will decide whether the ailing flag carrier, which has accumulated debts of as much as 400…